Short DAX at 7740
- Thread starter ASusilovic
- Start date
AS, BOE guaranteed all NR customer's deposits, amazing, that must be the ultimate PPT.
Still a problem though, how can lowering interest rate by 0.5 make any sort of considerable changes, if people have not been meeting their mortgage arrangements for a certain period of time, then they wouldn't be able to come up with balance overdue unless lenders arrange alternative repayment methods.
Still a problem though, how can lowering interest rate by 0.5 make any sort of considerable changes, if people have not been meeting their mortgage arrangements for a certain period of time, then they wouldn't be able to come up with balance overdue unless lenders arrange alternative repayment methods.
Agree. We had yesterday in U.S. very bad foreclosure numbers and also NAHB numbers ! But the rate cut helps on other "fronts" as well: car loans, credit card repayments, small and medium sized company financing and not to forget, housing companies that will definetely suffer in the next couple of month if not years to come !
I think the FED´s move is a "PREEMPTIVE STRIKE" - to use a Greenspan expression
- their models are most probably showing a huge probability that we might fall into recession if not acted now and determined !At some point one should be very careful about the next incoming macroeconomic data ! U.S. nonfarm payrolls and other indicators will show us where we are heading for. I am generally bullish but not too bullish as we are also into earnings season and I bet we will see a mixed picture on the various sectors ! The time for broad based stock gains may be over for now ! Stock picking is the name of the game ! Paper work....