Author Topic: What is the rise in stocks based on? (Read 721 times)

Dawn · « **on:** October 28, 2008, 02:35:33 PM »

While all the plastic dummies are gushing of the meteoric rise of the markets, what the heck is this change based on? Everything is still the same and due to get worse with unemployment set to rise.

Matthew · « **Reply #1 on:** October 28, 2008, 02:55:48 PM »

People are dumb.

The Fed is meeting to cut rates again.

It didn't help the last several times, but people have infinite hope I guess.

If anything, the Fed's rate cuts have less effect each time!

Dawn · « **Reply #2 on:** October 28, 2008, 04:49:26 PM »

Thanks, tell me please, what does it mean that England has interest at 0 percent. Will they do that here and to what effect?

Matthew · « **Reply #3 on:** October 29, 2008, 01:28:40 PM »

Is their rate really 0 percent? It means the central banks are charging NOTHING to borrow money -- it means that they have reached the heights of desperation to put more money (debt) into the economy.

Money = debt, just remember that.

Fewer loans, less money. No loans/debt, no money!

Matthew