RE:RE:RE:The Bank Term Funding ProgramIt wont come down fast enough or in big enough increments to help the underwater debt.
There is about a 50% chance they cut the rate by .25% in March. If oil prices spike, that will be out the window. Transport costs have come down a lot since the summer, and likley is responsible for the inflation decreasing. However oil prices dont seem to help rental inflation, insurance hikes or food prices. There are still a lot problems for middle class working folks...