Fed's decision to cut rates by 50 basis points has been positive.

Fed's decision to cut rates by 50 basis points has been positive. The FOMC announced that it has cut the fed funds rate by 50 basis points to 3.00% and the discount rate by 50 basis points to 3.50%. Banks announced that they were cutting the prime rate from 6.5 percent down to 6 percent, the lowest level for the prime since the spring of 2005.

The lower rates should help the housing market. Get me another 100 basis points and I'll renovate my kitchen this summer -- but on a serious note the lower rates will reduce the financing cost of my renovation in Allentown.

Rain and Warm

I was in Allentown today. Spent a little time looking at at wreck on Linden. Measured the elevator machine room in our building and ran out the door to head back home.

Highlight of the day was to walk down Hamilton and see a full crowd at Johnny Manana’s (I wish I had time for lunch)!

As I wanted to catch the 1:30 bus - I decided to walk over to 9th St and visit La Belle Cuisine. I had recently learned of the store and made an online purchase and wanted to meet the owner Nancy O'Keefe. Glad I did - great store and Carol and Nancy are very nice people!

== Sorry the pictures are from NYC. As mentioned above I had to run home early to pickup my son from IS89. When I was waiting for my son to finish his wood working class I noticed the RR [Rolls Royce] being delivered. (that is the under construction 101 Warren Condo building and the Goldman Sachs Headquarters the background).

Get on board Allentown!