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Re: Objectively intelligent.
Quote:
Originally Posted by Tyrone Slothrop
Seems like the Fed action this morning is aimed at managing the stock market, not the economy. Cutting interest rates is not going to do anything to cure anyone, create a vaccine, or restore the economic activity that's not going to happen because of the virus. It's just about protecting traders from getting hurt, and that's not going to give traders the right incentives.
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2. It's also premature. The Fed doesn't have much runway. It should be more cautious.
But this should help to move the 10 year even lower, possibly making that refi even sweeter. So there's that?
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Last edited by sebastian_dangerfield; 03-03-2020 at 03:44 PM..
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