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 Posted by Chris Shoemaker in The Market on August 17th, 2007 at 12:14 PM


Good news!  The Fed has stepped in and lower Discount Rate to %5.75 this morning.  Even though this won't lower mortgage interest rates or misc. consumer interest rates today is presumed that next month the Federal Funds rate could be lowered the same 1/2 percent.  It's good to see the Feds step in and address the problem.  The US economy is  - except the oil business - not in such great shape.  It's about time we see the federal government wake up and smell the coffee!!  Aren't you tired of hearing how great things are?





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