“Your big opportunity may be right where you are now.” -Napoleon Hill
NIHK CEO Message/Orders Continue to Roll in
Good morning to all,
The following release went out this morning and announces the sale of our NH100’s to a new customer, OKC Broadband, a Wireless Internet Service Provider in Oklahoma City . We continue to see increasing demand for these products that provide ‘out of band’ solutions to Internet Service Providers, who like having a wireless control solution that operates on a separate network. Sales of these units continue to be a major part of our business month-to-month.
Doug
Here is a copy of Today’s news
Leave a Reply
Stock Ticker (OTCBB): LBAS
Website: Click here to visit.
Click here for more on this Spotlight Company »
The question is not whether or not the U.S. Federal Reserve Bank will cut its benchmark lending rate today, but if in fact the cut will have any impact on our wounded economy.
Whether the cut is .25 or .75 points – either of which would bring the rate to an all-time low, economists fear that the benefits simply won’t trickle down the consumer. Recent rate cuts have done nothing to boost the consumer credit market because given current economic conditions, the banks that aren’t going under find that issuing consumer loans at anything else than a premium is far too risky.
A great example of this is the current market for auto loans. Typically influenced by the prime rate, which was roughly 4%, Monday, the interest for a 48-month new car loan is 6.8%.
With Americans now hoarding their money and growing increasingly content with simply not losing their hard-earned greenbacks, the Fed may need to expend some of its “extra ammunition” in addition to its imminent rate cut to get consumers to start spending again.
So, what happens when the rate hits zero and its back to the drawing board for Big Ben and his crew? Here’s a great report written by Ben Bernanke himself on potential strategies for monetary policy when the key rate hits zero.
Have something on your mind? Ask questions of the editor here. We pride ourselves on our prompt responses.
Don’t forget, our FAQ is pretty extensive and was built by answering questions just like yours. It may already have the answer you are looking for but if not, we are standing by to help.
P.S. If you see any posts that are inappropriate, sponsored or could be considered a misuse of the forum, please report them to the editor so they can be moderated, removed or blocked. Thank you for your help in keeping this forum poignant and useful.
Thank you!
The MSP Team
