Saturday, February 9, 2008

The good news

Well it looks like uncle Ben Bernake is about out of bullets.having cut interest rates several times with no effect yet on the availability of credit.Some think he will continue cutting rates to try to stimulate the economy.After all in japan there was a period of 0% interest rates.It seems hard to conceive of to Americans with our high credit card rates.But Japanese are savers and over there all kinds of stimulative laws are used to try to force the Japanese to get out there wallets...lets just say we don't have that peopblem in the USA.So back to the title with short term rates neear 2% there are only two integers left to manipulate in the effort to stimulate!.Its a great time to get a loan..if you can qualify!

Credit Q&A