Doesn't look like that hefty rate cut is going to provide much help. Currently the dow is down almost 300.

On a serious note, wouldn't this be a great time to push to make the Bush tax cuts permanent?

 

It seems like that would be a Republican feather-in-cap in this election season.

Loss is only 171 right now, a nice rally from the a.m. We are tied to the internationals, but not as much as everyone lets on. 3/4 point cut doesn't excite me in the long run, but its helping today.

Loss is only 171 right now, a nice rally from the a.m. We are tied to the internationals, but not as much as everyone lets on. 3/4 point cut doesn't excite me in the long run, but its helping today.

It's not a matter of us being tied to the internationals so much as its them being tied to us. The reason for the international drop is because of worry over United States economic woes.

Just about time to jump into the market again. There are some nice values out there right now.

Just about time to jump into the market again. There are some nice values out there right now.

That's what I was thinking. I love bad news. It brings out all the overreactors.

I have a feeling Warren Buffet is unstrapping the cash belt as we post.

Sincere question - as a working class american what does this drop really mean to me?

 

When I hear the pundits talking about the economy doing great because the DOW is up, it does not mean that my life finances are doing great, so when it is down what impact does it have on working class Americans

Sincere question - as a working class american what does this drop really mean to me?

 

When I hear the pundits talking about the economy doing great because the DOW is up, it does not mean that my life finances are doing great, so when it is down what impact does it have on working class Americans

 

By itself, it means nothing to you unless your retirement is drawing near. If it is, your soon-to-be-needed nest egg is much less. If you're not nearing retirement, it really means nothing to you. If you are invested, the quality of your investments has not changed. If so, you do nothing.

 

However, the overall state of the economy does directly impact you in the form of interest rates you pay, credit that may or not be available, and your proclivity to make investments in property or simply spending money on a vacation.

 

The market impacts almost everyone in one form or another.

By itself, it means nothing to you unless your retirement is drawing near. If it is, your soon-to-be-needed nest egg is much less. If you're not nearing retirement, it really means nothing to you. If you are invested, the quality of your investments has not changed. If so, you do nothing.

 

However, the overall state of the economy does directly impact you in the form of interest rates you pay, credit that may or not be available, and your proclivity to make investments in property or simply spending money on a vacation.

 

The market impacts almost everyone in one form or another.

 

As a working class American, my retirement is not vested in the market . . .

 

As a poor american - who does not have access to any of these things anyway - does it matter how the DOW is doing?

I think the only thing that this drop effects for the working class is that it hurts their retirement fund. The further away from retirement you are, the less it effects you.

 

The bigger problem is that this downturn is being fueled by recession fears. This could mean fewer jobs, more bankruptcies, inflation or deflation, etc.

I think the only thing that this drop effects for the working class is that it hurts their retirement fund. The further away from retirement you are, the less it effects you.

 

The bigger problem is that this downturn is being fueled by recession fears. This could mean fewer jobs, more bankruptcies, inflation or deflation, etc.

 

Loss of jobs is a big deal, I thought the bankruptcies were what was fueling the drop

 

Do tax cuts to businesses really generate more jobs?

 

I ask this as someone who is close to someone who works in economic development. They give tax breaks IF/WHEN businesses are expanding or if they are building a new business, but how does giving a business a tax break generate more jobs . . . or is there simply a hope that it will.

As a working class American, my retirement is not vested in the market . . .

 

As a poor american - who does not have access to any of these things anyway - does it matter how the DOW is doing?

 

Where is your retirement money?

 

Do poor Americans buy houses? Do they have credit cards? Do they buy cars?

 

If any of the above are answered "yes" then they are affected.

Loss of jobs is a big deal, I thought the bankruptcies were what was fueling the drop

 

Do tax cuts to businesses really generate more jobs?

 

I ask this as someone who is close to someone who works in economic development. They give tax breaks IF/WHEN businesses are expanding or if they are building a new business, but how does giving a business a tax break generate more jobs . . . or is there simply a hope that it will.

 

Do you know anyone that works for Toyota? If so, you see jobs that were created as a result of tax breaks/incentives given to a large corporation.

Loss of jobs is a big deal, I thought the bankruptcies were what was fueling the drop

There's actually an argument being made now that the Feds' manipulation of interest rates has lead to where we are now, especially as it concerns mortgage failures and bankruptcies.

Do tax cuts to businesses really generate more jobs?

 

I ask this as someone who is close to someone who works in economic development. They give tax breaks IF/WHEN businesses are expanding or if they are building a new business, but how does giving a business a tax break generate more jobs . . . or is there simply a hope that it will.

Past history would indicate that tax cuts do stimulate the economy AND increase tax revenues. Kennedy's tax cuts would be a good example.