Scott's MD-PhD Adventure

Tuesday, September 18, 2007

Fed Dude

Bob: Oh wow. The fed lowered the interest rate!
Lili: Fed?
Bob: The federal reserve chairman lowered the interest rates
Lili: What's that mean?
Bob: The rate to borrow money, it's now 0.5% less
Lili: When I got my car, it was like 5% but now, it is much better!
Bob: Ok
Lili: So if I want to get the loan for the house? That is now low?
Bob: I think it would be lower, I'm not sure.

Lili: What is...dude?
Bob: Like guy
Lili: uh huh
Bob: Like "hi guy"
Lili: uh huh
Bob: Or "hi dude"
Lili: So, it does not mean something different?
Bob: No, not really

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