Happy Daze Are (almost) Here Again

Rate cut is huge. Buy a house tomorrow. We have never had rates this low and we will never have them again. If you can't buy, then re-fi and then borrow more and buy. I still think Bernanke is an academic schmuck who "studies" an atomic bomb explosion to determine if there is nuclear fission involved but this time he actually acted. This rate cut is a signal that we are balls out to stop the housing slide and will do whatever is necessary to kick start it. The Fed will flood the zone with cheap money til all the banks will have to loan money because it will be too profitable not to....borrow from the Fed at 1/2 and lend that money out at whatever they want. If they lend at 3% they're gouging. Move. Get off your asses. NOW