Let’s see … on January 20th, the Fed Funds rate was 4.25%.
On January 21st, the Fed dropped the rate to 3.5%.
Today, January 30th, the Fed dropped the rate to 3.0%.
So, in 10 days (January 20th to January 30th) the rate dropped by 1.25%, which means [click click click on my calculator] we’re seeing a 0.125% per day drop.
At that rate, we’ll be at [click click click] 0% by February 23rd!
Recession averted…
Hey, there, you ex-engineer, what do you think of my extrapolation skills?
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4 responses so far ↓
1 Brian LeBars // Jan 31, 2008 at 9:28 am
Brilliant!
2 Kris Berg // Jan 31, 2008 at 9:57 am
I LOVE it! Does that mean in March, I can buy a home and have the bank pay ME interest?
3 SteveA // Jan 31, 2008 at 2:01 pm
As another ex-engineer, I have to say, “garbage in, garbage out.”
BTW, my eye read Kris Berg’s web domain name as “sandie-go-home.com”. Started wondering who “sandie” was.
4 Danilo Bogdanovic // Feb 1, 2008 at 6:26 am
HA! But, wait…maybe it’ll go negative?! Not THAT would be great for Bernanke’s resume!
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