Friday, August 31, 2007

Recession Fears? "Emergency" cut in Prime Rate, before Fed Meets

MORE evidence in support of the idea that it would be a really, really good time to cut the prime rate, which is used in some cases for investor financing ... The Prime also drives some home equity loan financing ... The Prime drives a considerable amount of consumer revolving debt, too.

Investment homes are major part of defaults

So many of the hired economists are worried about recession, not even slowdown, now.

Even the "mainstream media" haven't considered that, if so many economists and advisers are worried about a US recession, they might show leadership by cutting the Prime rate:

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