Federal Reserve Cuts Rates To Functional Zero

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Andrew Donaldson

Born and raised in West Virginia, Andrew has since lived and traveled around the world several times over. Though frequently writing about politics out of a sense of duty and love of country, most of the time he would prefer discussions on history, culture, occasionally nerding on aviation, and his amateur foodie tendencies. He can usually be found misspelling/misusing words on Twitter @four4thefire and his writing website Yonderandhome.com

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10 Responses

  1. Avatar Brandon Berg
    Ignored
    says:

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

  2. Avatar North
    Ignored
    says:

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

    • Avatar Road Scholar in reply to North
      Ignored
      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

      • Avatar Stillwater in reply to Road Scholar
        Ignored
        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

    • Avatar Jaybird in reply to North
      Ignored
      says:

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

      • Avatar Marchmaine in reply to Jaybird
        Ignored
        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

      • Avatar Brandon Berg in reply to Jaybird
        Ignored
        says:

        And…it’s under $1500.Report

  3. Avatar Philip H
    Ignored
    says:

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

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