Question/Comment: Last month, the stock market dived about 380 points in one day, then recovered the same day. That same day, the Fed lowered its rate .5 percent. Now I just heard it’s lowering its rate for the first time … Continue reading
Question/Comment: Why all the focus on just Fed policy? I’m with Alan Greenspan on also looking at our fiscal policy. Just lowering interest rates without raising revenues could just lead to more inflation. Thank you. Paul Solman: What Robert is … Continue reading
- I’d like to know more about Fed — and how it is neither a federal agency, nor does it have any reserves.
Question/Comment: I’ve seen now several of your segments on the Federal Reserve and I encourage you, on your next segment, to go deeper. There is much information available regarding the Fed and how it is neither a federal agency, nor … Continue reading
- What will make the LIBOR rate come down and what indicators should we look for to make it go down to “normal” levels?
Question/Comment: Mr. Solman: You are one of those few who makes economics as interesting as Paris Hilton’s love life (just kidding!) to the ordinary American. The LIBOR rate is higher than the 15-year mortgage rate right now. What will make … Continue reading
Question/Comment: Housing prices skyrocketed to double in 3 years and everyone thought they were rich, and went out and spent the money. Now the market corrects 30 percent and everyone discovers that it wasn’t real. Why should the taxpayers bailout … Continue reading
Question/Comment: As a long time observer of the mortgage market, particularly the subprime segment, I have been anticipating the current economic crunch for some time. Accordingly, I have been keeping a large amount of my savings ($85K) in an FDIC … Continue reading
- When can we expect to break even, or at least recover some of the value that we lost due to the declining real-estate market?
Question/Comment: Everyone mentions all of those unfortunate people who are defaulting on their home loans due to the sluggish economy. Nobody mentions, however, the many hardworking Americans who saved and struggled to buy their dream homes and they are now … Continue reading