YOUR COMMENTS

For too many years, we in America have been living well beyond our means. With uncontrolled borrowing and spending, the over inflated home market, trade imbalances, etc... much damage has been done. Look at how fast the Euro has overtaken the dollar, and what it's worth today! Mark my words, it will soon become the worlds standard currency by which everything is measured. Commodities and barrels of oil on the world market now purchased in dollars will soon be bought in Euros. As much as I wish I could say that things will soon get better, I cannot because that would not be facing reality. I urge all who will listen, prepare now to lower your standard of living. We have economic trouble coming down the road, the likes of which will make the great depression look like the good times in comparison. I realize this isn't what we want and like to be told, and most will choose not to believe it, but the test of time will tell the tale.
- Rob, Manchester

Hold on folks, here it comes!!!
- Tim, Derry

The Fed cutting the federal funds rate only benefits the banks. It only lowers the interest that banks charge each other on overnight loans. If they think it is going to help the the economy or the common household. They are mistaken. Banks will not lower their rates that they will be charging on loans to the middle class families. This is only a benefit for the banks that got themselves caught up in their predatory practice of sub prime loans. Again the Feds only concern is for the banks.
- brian, lancaster

Didn't this mess start by lower interest rates to a point where people could borrow large sums of money that they would never qualify to borrow at normal rates?
Greedy investors caused this. So what does the Fed do?
It punishes the saver, who had no part in this fiasco.
- Steve, Raymond