Feds cut interest rates.75

[Heartstorm]

http://news.yahoo.com/s/ap/20080122/ap_on_bi_ge/fed_interest_rates


They cut them again, trying anything to stave off the coming depression, But the other side to this is it makes the value of the dollar plunge even more!! So I don't see how this is a help?? In fact I really don't see that there is anything anyone can do to save what is coming, which is hyperinflation, depression,:idunno I just know it is getting worse by the moment,
This is where I lean on the Lord to provide for his children and trust we will never be beggin for bread !!

[4JesusLove]

Just a few more minutes before the stock market opens here in the USA. Lets see how it reacts.

[medbiller777]

Big bell just rang....market down 223...gonna be a long day.

[4JesusLove]

Now -419.29

update -451.15 its tanking.

Wonder if they will shut down the market. IIRC there is a limit of 500 point drop in a day.

[ProudGranny]

Well, I was just complaining the other day that 2 years ago, a dozen large eggs was about $1.10 (usually less). I bought eggs over the weekend and the dozen large eggs were $1.95 (thank you, Kroger). I see all of this economic information, have been following it for months (thanks to all of you that have been so good to post the info), have been warning people in my "circle", and answered the question multiple times "What does this mean for me, I don't play the stock market?" with the following:

In very simple terms, it means those same eggs are going to soon cost $2.50 a dozen. And then???

Again, many thanks to all of you that have been so good to keep things on this forum up to date!

[ojibweindian]

Hovering at -440.

[4JesusLove]

Shes going UP! Only down 384 now.

[ProudGranny]

The Fox News Business/Financial page is not even showing the "real time" numbers. It is listed at 0.00 for the Dow, Nasdaq, and Fox 50.

Hmmmmmmm, I wonder why??

[4JesusLove]

Well, I was just complaining the other day that 2 years ago, a dozen large eggs was about $1.10 (usually less). I bought eggs over the weekend and the dozen large eggs were $1.95 (thank you, Kroger). I see all of this economic information, have been following it for months (thanks to all of you that have been so good to post the info), have been warning people in my "circle", and answered the question multiple times "What does this mean for me, I don't play the stock market?" with the following:

In very simple terms, it means those same eggs are going to soon cost $2.50 a dozen. And then???

Again, many thanks to all of you that have been so good to keep things on this forum up to date!

I guess it means if you can find a 2nd and 3rd job working 23 hrour a day you should be alright.:panic

[ProudGranny]

4JesusLove, I suspect you are correct. It will be interesting, no doubt.

And, I'm shocked, CNN's main page is not showing "real time" numbers either.

Hmmmmmmmmmmm.........