![\"user-pic\"](\"http://consumerist.com/assets_c/userpics/userpic-177822-100x100.png\")
OK, so we drop the rate like all of the people on Wall Street wanted, and the very next day they take their profits...
while my ING Direct account went down to 4.20%.
Seems like a good time to invest some of that money, no?
OK, so we drop the rate like all of the people on Wall Street wanted, and the very next day they take their profits...
while my ING Direct account went down to 4.20%.
Seems like a good time to invest some of that money, no?
![\"user-pic\"](\"http://consumerist.com/assets_c/userpics/userpic-194244-100x100.png\")
Say there's no more rate changes before next June/July when next year's Stafford loan rates come out -- does the rate cut mean next year's loan rates would be below this year's 6.8%?
![\"user-pic\"](\"http://consumerist.com/assets_c/userpics/userpic-180473-100x100.png\")
To the average consumer with no major investments the rate cut means nothing. It's just a news item.
![\"user-pic\"](\"http://consumerist.com/assets_c/userpics/userpic-4147-100x100.png\")
I doubt citibank's going to lower the rate on my student loans any.
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Let's see, what's missing here.
1. Rate drops like this will actually push real inflation. It will drive up the price of oil, making gas more expensive than it already is. House prices are going to continue to fall over the next who knows how long due to the huge glut of homes in the market place. Some financial institutions have stopped advertising 30 year mortgages. Expect things to be in full meltdown mode come March/April 08.
@DJ-Pandemic: I wouldn't plan on doing any traveling the European Union. The dollar still have farther to fall against the Euro as the ECB will undoubtely raise rates.
What about student loans!?!?!
![\"user-pic\"](\"http://consumerist.com/assets_c/userpics/userpic-23134-100x100.png\")
![\"user-pic\"](\"http://consumerist.com/assets_c/userpics/userpic-25844-100x100.png\")
You forgot European travel! Of course it's not on the top of the list for most people, but considering it's my activity of choice, when I have the funds - I'm heartbroken.