Advance Headline For February 23rd: Fed Drops Rates To 0%

January 30, 2008

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?

fed-funds-rate-projections.png

Written by Kevin · Filed Under Consumer, Industry 

Comments

4 Responses to “Advance Headline For February 23rd: Fed Drops Rates To 0%”

  1. Brian LeBars on January 31st, 2008 9:28 am

    Brilliant!

  2. Kris Berg on January 31st, 2008 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 on January 31st, 2008 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 on February 1st, 2008 6:26 am

    HA! But, wait…maybe it’ll go negative?! Not THAT would be great for Bernanke’s resume!

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