tag:blogger.com,1999:blog-7514357.post856769839107791843..comments2024-02-25T08:16:25.546-08:00Comments on Exurban Nation: Prime Rate INCREASES!Rob Dawghttp://www.blogger.com/profile/10042154106850545479noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7514357.post-6080516897305242442008-11-02T01:06:00.000-07:002008-11-02T01:06:00.000-07:00And, it looks like another 50 basis points is comi...And, it looks like another 50 basis points is coming on December 16:<BR/><BR/>http://www.wsjprimerate.us/wsjprimerate/2008/10/futures-market-100-certain-fed-will-cut_31.html<BR/><BR/>Major U.S. banks may rebel by not lowering their Prime Rate -- or by lowering their Prime by 0.25 percentage point if the Fed cuts by 50 -- if the fed funds target drops below 1.00%. If they do, they'll probably say they can't afford the cut; would hurt profits too much. This happened in Canada back in August when the Bank of Canada cut by 50 basis points, and Canadian banks responded with a 25 basis point cut to their Prime Rate.<BR/><BR/>It'll be fun to watch what happens when the next FOMC meeting is adjourned.Steve Brownhttps://www.blogger.com/profile/11200010706666832717noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-2292719658027363602008-10-22T12:40:00.000-07:002008-10-22T12:40:00.000-07:00Markets are breaking. $67 oil? Sure but in Febru...Markets are breaking. $67 oil? Sure but in February not October. Gold is two prices. Delivery is getting 10% or more over spot. Paper gold is as you note plummeting. <BR/><BR/>There goes the stairstep in the Dow.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-86957216717237107092008-10-22T12:20:00.000-07:002008-10-22T12:20:00.000-07:00she'd say it can't be true b/c she can't see SF fr...she'd say it can't be true b/c she can't see SF from her home. <BR/><BR/>OT. gold touched $720 with the dollar rally. I think she may break under $700 in the coming weeks. I don't think it will go much lower but what do I know. Although inflation won't really rear it's ugly head until next year. gold is looking tempting at these levels.techie22311https://www.blogger.com/profile/03958784242867130761noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-27463043528770728182008-10-22T10:57:00.000-07:002008-10-22T10:57:00.000-07:00First btw. and what would Palin say if she knew th...First btw. and what would Palin say if she knew that Alaska is in the San Francisco district!Sweet Cashbackhttps://www.blogger.com/profile/05579537188156947860noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-57681611520189020792008-10-22T10:55:00.000-07:002008-10-22T10:55:00.000-07:00I liked the beer bottles better!MURST!I liked the beer bottles better!<BR/><BR/>MURST!Sweet Cashbackhttps://www.blogger.com/profile/05579537188156947860noreply@blogger.com