Fed Reserve steps in at last minute..... - GoFuckYourself.com

Damian_Maxcash · 01-22-2008, 06:34 AM

Half an hour before the markets open on Wall Street the Fed Reserve cuts interest rates by 3/4 percent....

Wizzo · 01-22-2008, 06:35 AM

I don 't think that's going to be enough to halt the blood bath, but we will see...

mn · 01-22-2008, 06:36 AM

stupid move

slapass · 01-22-2008, 06:36 AM

shit i was hoping for the blood bath so now what do I do???

~Ray · 01-22-2008, 06:37 AM

no recession is coming.. a slight drop maybe, but a recession... uh, no.

DjiXas · 01-22-2008, 06:39 AM

Wall street investors wanted the whole point.

slapass · 01-22-2008, 06:40 AM

Quote:

Originally Posted by AdvertisingSex

no recession is coming.. a slight drop maybe, but a recession... uh, no.

by tons of indicators we are already in one.

Fletch XXX · 01-22-2008, 06:42 AM

The Federal Reserve is illegal

"The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered."

Thomas Jefferson

teomaxxx · 01-22-2008, 06:46 AM

Quote:

Originally Posted by AdvertisingSex

no recession is coming.. a slight drop maybe, but a recession... uh, no.

To say no recession in the face of worst housing recession since 1930, 90-100 Usd oil, high inflation and possible implosion of few financial companies is really stupid.

"The only two exceptions of a housing recession not leading to economy-wide ones were those during the Korean War and the Vietnam war when a massive fiscal stimulus rescued the economy. What we spent ? or waste ? on Iraq is not sufficient to get that fiscal stimulus; we would need another equivalent of $200 billion fiscal stimulus to do the job."
From:
http://www.rgemonitor.com/blog/roubini/223214/

Wizzo · 01-22-2008, 06:48 AM

Quote:

Originally Posted by Fletch XXX

The Federal Reserve is illegal

"The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered."

Thomas Jefferson

OK, then there is reality which most of us live in...

slapass · 01-22-2008, 06:49 AM

Quote:

Originally Posted by Fletch XXX

The Federal Reserve is illegal

"The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered."

Thomas Jefferson

There is the Fletch I remember. Glad to see you are ... well by my thinking just as nuts as always but still good to see.

teomaxxx · 01-22-2008, 06:54 AM

and as I stated somewhere else:

"This is NOT A LIQUIDITY PROBLEM, it is a SOLVENCY PROBLEM"

rate cut wont help shit, when you have two biggest monoline insurers going to BK very soon, which is going to be followed by real "shit hit the fan" situation with a lot of banks.

shuki · 01-22-2008, 06:59 AM

I like Jim Cramer's solution for the economy

brand0n · 01-22-2008, 07:05 AM

that cut isnt going to do shit. watch.

pussyserver - BANNED FOR LIFE · 01-22-2008, 07:19 AM

explaining why this move by the fed was the worst thing that could have ever happened on gfy would be pointless as most of you are old uneducated hillbillies ( baddog, gatorb etc etc)

so I will jusy say this

this mornings cut just lit a short fuse

take cover

teomaxxx · 01-22-2008, 07:23 AM

Quote:

Originally Posted by brand0n

that cut isnt going to do shit. watch.

yes, europe is already tanking. FED stoped to be able to help their wallstreet budies....

NinjaSteve · 01-22-2008, 07:45 AM

Quote:

Originally Posted by Fletch XXX

The Federal Reserve is illegal

"The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered."

Thomas Jefferson

Thomas Jefferson is not the law. And he's dead.

Zango · 01-22-2008, 09:04 AM

Quote:

Originally Posted by NinjaSteve

Thomas Jefferson is not the law. And he's dead.

Spoken like an American. You will wake up one day and realize it's too late and you're fucked.

xroach · 01-22-2008, 09:15 AM

it's like putting out a tire fire by trying to smother the flames with more tires

dready · 01-22-2008, 09:20 AM

Quote:

Originally Posted by Wizzo

OK, then there is reality which most of us live in...

You create your own reality.

slapass · 01-22-2008, 09:53 AM

Quote:

Originally Posted by Zango

Spoken like an American. You will wake up one day and realize it's too late and you're fucked.

Name one industrialized country that does not attempt to control it's currency. So what is the big mystery. We do it too.

Rochard · 01-22-2008, 10:19 AM

This is great news! Now everyone who has a house can refiance.... Oh, wait... Their houses have dropped in value so much they owe more on the house than it's worth so I guess they can't!

MikesTraffic · 01-22-2008, 10:26 AM

Quote:

Originally Posted by Rochard

This is great news! Now everyone who has a house can refiance.... Oh, wait... Their houses have dropped in value so much they owe more on the house than it's worth so I guess they can't!

my house is still appreciating....my area didnt get hit like everywhere else......

V_RocKs · 01-22-2008, 10:35 AM

Keep giving the kids money and they will keep spending it like it is coming out of their asses.

V_RocKs · 01-22-2008, 10:36 AM

Quote:

Originally Posted by MikesTraffic

my house is still appreciating....my area didnt get hit like everywhere else......

I rent... but the house I live in was $725,000 when I moved in 2 years ago.

It is now $640,000...

JP-pornshooter · 01-22-2008, 10:37 AM

its a nice drop, almost a full point, very aggressive..but in the long run a stupid move, should have left it, so we could have the bloodbath and on to recovery, now the pain is just prolonged.

teomaxxx · 01-23-2008, 07:01 AM

FED isnt really Wallstreet bitch:

they better cut today again

although my portfolio is still invested 75% long and 25% short put options, I agree that some kind of bloodbath is neccessary.

Ross · 01-23-2008, 07:11 AM

Quote:

Originally Posted by V_RocKs

I rent... but the house I live in was $725,000 when I moved in 2 years ago.

It is now $640,000...

Are you still paying the same rent per month to cover the owners Mortgage? If you are then that sucks to be you as well, its just like owning really except you're throwing money away two ways.

1. You're renting and not paying into your own mortgage
2. You're overpaying rent in a house that costs less to pay someone elses high mortgage.

baddog · 01-23-2008, 04:40 PM

Quote:

Originally Posted by Rochard

This is great news! Now everyone who has a house can refiance.... Oh, wait... Their houses have dropped in value so much they owe more on the house than it's worth so I guess they can't!

Speak for yourself.

01-22-2008, 06:34 AM	#1
Damian_Maxcash So Fucking Banned Join Date: Oct 2002 Location: MaxCash.com Posts: 12,745	Fed Reserve steps in at last minute..... Half an hour before the markets open on Wall Street the Fed Reserve cuts interest rates by 3/4 percent....

01-22-2008, 06:35 AM	#2
Wizzo 2011 GFY Hall of Fame! Industry Role: Join Date: Nov 2000 Location: Back in Texas! Posts: 15,224	I don 't think that's going to be enough to halt the blood bath, but we will see... __________________ Looking for Opportunity!

01-22-2008, 06:37 AM	#5
~Ray visit hardlinks.org Industry Role: Join Date: Jun 2003 Location: Las Vegas , Nv >>> [email protected] or icq 94994627 anytime Posts: 18,362	no recession is coming.. a slight drop maybe, but a recession... uh, no. __________________ Adult Backlinks for Adult Websites - Testimonials Available

01-22-2008, 06:42 AM	#8
Fletch XXX GFY HALL OF FAME DAMMIT!!! Join Date: Jan 2002 Location: that 504 Posts: 60,840	The Federal Reserve is illegal "The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered." Thomas Jefferson __________________ Want an Android App for your tube, membership, or free site? Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me

01-22-2008, 06:59 AM	#13
shuki Confirmed User Join Date: Aug 2004 Location: Boston Posts: 3,070	I like Jim Cramer's solution for the economy __________________ Looking to buy established paysites contact me [email protected]

01-22-2008, 06:36 AM	#3
mn Confirmed User Join Date: Oct 2001 Posts: 1,505	stupid move

01-22-2008, 06:36 AM	#4
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	shit i was hoping for the blood bath so now what do I do???

01-22-2008, 06:39 AM	#6
DjiXas So Fucking Banned Join Date: Sep 2007 Posts: 1,108	Wall street investors wanted the whole point.

01-22-2008, 06:54 AM	#12
teomaxxx Confirmed User Join Date: May 2003 Posts: 2,734	and as I stated somewhere else: "This is NOT A LIQUIDITY PROBLEM, it is a SOLVENCY PROBLEM" rate cut wont help shit, when you have two biggest monoline insurers going to BK very soon, which is going to be followed by real "shit hit the fan" situation with a lot of banks.

01-22-2008, 07:05 AM	#14
brand0n been very busy Join Date: Nov 2002 Location: the queen city Posts: 26,983	that cut isnt going to do shit. watch. __________________ want to buy this spot for cheap? it is of course for sale. long term deals are always the best bet. brand0n/ at/ a o l dot commies.

01-22-2008, 07:19 AM	#15
pussyserver - BANNED FOR LIFE So Fucking Banned Join Date: Oct 2005 Location: I convert perverts like catholic church! Posts: 5,133	explaining why this move by the fed was the worst thing that could have ever happened on gfy would be pointless as most of you are old uneducated hillbillies ( baddog, gatorb etc etc) so I will jusy say this this mornings cut just lit a short fuse take cover

01-22-2008, 09:15 AM	#19
xroach Confirmed User Join Date: Feb 2002 Location: vancouver, bc Posts: 963	it's like putting out a tire fire by trying to smother the flames with more tires

01-22-2008, 10:19 AM	#22
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 73,928	This is great news! Now everyone who has a house can refiance.... Oh, wait... Their houses have dropped in value so much they owe more on the house than it's worth so I guess they can't! __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

01-22-2008, 10:35 AM	#24
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,409	Keep giving the kids money and they will keep spending it like it is coming out of their asses.

01-22-2008, 10:37 AM	#26
JP-pornshooter Confirmed User Join Date: Sep 2006 Location: westcoast usa Posts: 4,007	its a nice drop, almost a full point, very aggressive..but in the long run a stupid move, should have left it, so we could have the bloodbath and on to recovery, now the pain is just prolonged.

01-23-2008, 07:01 AM	#27
teomaxxx Confirmed User Join Date: May 2003 Posts: 2,734	FED isnt really Wallstreet bitch: they better cut today again although my portfolio is still invested 75% long and 25% short put options, I agree that some kind of bloodbath is neccessary. Last edited by teomaxxx; 01-23-2008 at 07:02 AM..