That day being today. It’s the largest single move “in recent memory”. Read More »

It seems like this is a bold stroke to fend off recession, but I think it can only serve to do just that — fend it off. It’s still coming, perhaps towards the end of Q2 ‘08, but The Fed is trying to soften the blow.

In the meantime, borrowers rejoice… Refinancing, here I come!

UPDATE: or maybe not…