>>60784892
This. Everyone thinks that this will save their bags, but rate cuts generally imply economic weakness for the necessity of stimulus. However, I think they want these rate cuts to refinance the 5% bonds Yellen racked up, and to free up the housing market. This shit has been stagnate for years since no one wants to move out of their 3% mortgage, and with this move Tyrone can stop demanding $800k for his burnt out brownstone and Cleetus can stop asking $900k for his doublewide at 9%. I actually sold 3 rental properties in anticipation of this last year. Im glad I did.
