Federal Reserve Cuts Rates To Functional Zero

Andrew Donaldson

Born and raised in West Virginia, Andrew has been the Managing Editor of Ordinary Times since 2018, is a widely published opinion writer, and appears in media, radio, and occasionally as a talking head on TV. He can usually be found misspelling/misusing words on Twitter@four4thefire. Andrew is the host of Heard Tell podcast. Subscribe to Andrew'sHeard Tell Substack for free here:

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10 Responses

  1. Brandon Berg says:

    I can’t wait for the populist hot takes!Report

  2. North says:

    What’s the price o’ gold looking like?Report

    • Road Scholar in reply to North says:

      Don’t know about gold, but bitcoin is seriously tanking. Maybe people are cluing into the reality that it isn’t really money and isn’t really worth anything.Report

      • Stillwater in reply to Road Scholar says:

        I hear ya, but a wise investor would buy the Bitcoin dip, regardless of whether it’s real money or not. The resiliency of that “currency” over time shows that it will peak again at a price which will leave “rational investors” shaking their heads.Report

    • Jaybird in reply to North says:

      Down about $30 from last week. (Still over $1500, though.)Report

      • Marchmaine in reply to Jaybird says:

        Up 22% since 2016… not really spiking, but Gold has been steady around $1200 since 2014. It spiked in 2011 to $1,900… but has been somewhat steady since then. In 2007 it was a mere $650.

        Not really seeing a flight to gold at this point.

        I have no problem with people having a stash of gold/silver (full disclosure, I have some)… and, as a part of a broad wealth management program, it works very well… assuming we’re talking real wealth here.

        It’s the broad middle of regular folks panic buying that’s the worst use scenario.Report

      • Brandon Berg in reply to Jaybird says:

        And…it’s under $1500.Report

  3. Philip H says:

    When you shred all the tools except interest rates as a mechanism to deal with a deflating economy . . .Report