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Tuesday, October 28. 2008

Interest Rate Cuts are Like Roach Motels

Terry

Robert Brusca, chief economist at FAO Economics says interest rate cuts are like roach motels.

Robert Brusca, chief economist at FAO Economics recently said:

Why is everybody clamoring for rate cuts? What good are rate cuts going to do? Banks are like roach motels. The rate cuts go in but they don't come out.

Roach Motel - Roaches Check In But They Don't Check Out

Read the rest of the article...

Fed expected to lower interest rates tomorrow Rate cut not the quick fix everyone craves, economists say

Posted by

Terry

in Blog at 18:59

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@Graysentinel More like descriptive. @myen Tuesday, September 7 2010

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@scbritton I was only kidding, but still, no prize. ;) I'm guessing with Labor Day, many Tweets, etc. people missed it. @myen Monday, September 6 2010