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Are the Fed's recent interest rate cuts good for consumers?

Results so far:

Yes
59% 35 votes Total: 59 votes
No
41% 24 votes

in the power of ONEone who can and does make a difference in terms of what you're personally able to and can and will do as an individual to benefit your company, the local and national economies, and that you'll be one to resist being badgered or otherwise influenced with silver-tongued words into a fortress mentality, fallback position in a backwoods cabin, or comfy bear cave subsistence-as-you-sleep, skinflint-as-a-Scrooge existence in full economic retreat.

4. Spend a few extra pennies, nickels, dimes or quartersor even large denominated greenbacks if you can spare themat every opportunity that presents itself, bearing in mind that such must be scaled and appropriate to the occasion, transaction or circumstance at hand.

5. Spend more time and energy going out of your way to BUY AMERICAN (or if you're of another nation, substitute your nation's namesake here). Look for goods and services that are American-made, US sourced and supplied, and so on. Don't misconstrue and take this as a cue to go over the top. Don't be so foolish as to blacklist or boycott foreign goods and services, like the proverbial penny one sticks in their eye to keep the sunshine out. The point here is that, to the extent you can, PREFER US-made goods and services to infuse new money and labor stimuli into the economy, inject it with continued vibrancy and growth potential, and maintain the momentum of the economy's crucial underlying macroeconomic money supply-circulation multiplier effect.

I believe that if each one of us would step back, think about the Federal Reserve's rate cuts, or anything else for that matter that has a fundamental influence on our individual and collective economic behaviorour thoughts, actions, words and deedswe'd without question to incline, I opine, in the direction of the positive and half-full economic glass that's filling, rather than the glass which the negative-minded naysayers proclaim to be only half-full, emptying and therefore "fact" as a harbinger of inevitable and inexorable economic doom and gloom to come.

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Below are the top articles rated and ranked by Helium members on:

Are the Fed's recent interest rate cuts good for consumers?

Yes
  • 1 of 2

    by skywriting-on-vapor s

    Let's SPEND our way forward, I say, to repudiate the pundits, politicians and public policy "experts" who proclaim an economic

    read more

  • 2 of 2

    by Arch Barnes

    Reason for Fed Funds Rate Cuts Now Clear

    So now we know. Or at least we have been given (yet again) information as to why

    read more

No
  • 1 of 3

    by Tom Koecke

    The Federal Reserve Boards reduction in the rate can be best categorized under the heading "Desperate Measures." The government

    read more

  • by Joanne Harris

    No, I don't believe that the Federal Cut will be good for consumers. Most of the recipients will not use the extra money

    read more

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