Bad Credit? - Repair it here yourself!

There're many reasons you may want help for bad credit. We're here to help you understand what affects credit, what makes credit bad, how and what entities define your credit, guide you through the credit definitions, financial concepts, common misconceptions and provide you with information and tools that will help to solve your credit problems. Get help for bad credit now! To achieve this, we provide you with Free Access to a wealth of credit related content, forms, tools and calculators. We show you how to improve your bad credit step by step, reestablish your ability to borrow monies, how and where obtain loans, credit cards, mortgages and other financing. Repair Credit now!

Federal funds rate at 0 percent?

Fri Oct 31, 2008 03:10PM | By Tony

See more in Economy | Permalink | Email | Comments (0)

The federal funds rate is now 1%, down from 1.5%. Now understand please, that the federal funds rate is an interest rate at which banks and other depository institutions lend money to each other, usually on an overnight basis, while consumer loans based on Wall Street Journal (WSJ) prime rate. So can we see 0% Federal funds rate sometime in a near future? After all, Japan set precedent, holding its benchmark interest rate to zero percent for 5 years - from 2001 to 2006, trying to combat a horrendous deflation and to revive economic growth. An opposite to inflation, deflation is a general decline in prices, often caused by a reduction in the supply of money or credit. That in turn, leads to all kinds of financial problems. Sounds like the United States situation right now, where banks are so afraid to lend cash, that the actual Fed funds rate for the last two weeks has been under 1%. On Tuesday, it was 0.67 percent. The 0 percent may be coming.

Post a comment

Name:

Email:

URL:

Remember personal info?

Comments:

Please enter the code as seen in the image above to post your comment: