AMERICAblog: Fed cuts growth rates again, hints at more rate cuts
Older_Wiser
· 1 year ago
Not surprising if the Fed goes to 0% as I read on Bloomberg this am. I said as much a couple of months ago, snarkily, when I asked how much interest institutionals would want from the Fed. Looks like they're going to get it eventually.
Indigo
· 1 year ago
0% would foul up the books beyond repair and the accountants won't have that. Rates could drop to .66% easily enough but that isn't the issue. The Japanese experience has already shown that dropping the rates doesn't work when the economy has gone past the tipping point. It's credit that is needed but credit is what doesn't exist anymore. Too bad for us, huh?
Now what? I don't know but I do know we don't want a dust storm churning up out in the Midwest.
anarchy
· 1 year ago
John Teeter said that things will be just great again as of December 21st, 2012!
BAHAHAHAHA!
use der Google if ya don't geddit, 'K?
CPL
· 1 year ago
Chris, the Fed isn't seeing ANYTHING.
They pull the cuts out of their ass.
Bubbles
· 1 year ago
We are about to live through "The Great Recession".
Bush pushed trillions of dollars over to the "supply-side" this after a stock market bubble had already told us that their was already too much money on that side already.
This economy is not going to get better unless all of those trillions are moved back over to the demand side, and then some.
My feeling that any remedy south of a trillion dollars is just pissing in the wind, and the crash is going to pick up steam and become much, much worse than anyone can now fathom. And we won't have large industrial companies around to pull us out either.
sunnyjim
· 1 year ago
When you see the daily barage of anti-union sentiment it's not hard to figure out that breaking up the auto workers' union is one of the prime goals in all of this. In the old days they used police and Pinkerton guards. Now they have enough blowhards on talk radio along with Southern politicians flapping their gums in front of the C-Span and evening news cameras. They don't have to resort to the old way of cracking workers over the head.
Nylund
· 1 year ago
Seeing how little good the last few cuts have done, there isn't much hope that more cuts could do any good before they hit zero. In fact, if they hit zero, people will just freak out more knowing there are no more rate cuts left. Monetary policy is all but useless at this point. They are going to have to get really creative from here on out. Even then, we're going to need some serious fiscal policy stimulus asap, but I doubt much will happen while Bush stays in office. I'm scared he's just going to let things fester when right now we need a president pushing congress for immediate action.
All Comments
Now what? I don't know but I do know we don't want a dust storm churning up out in the Midwest.
great again as of December 21st, 2012!
BAHAHAHAHA!
use der Google if ya don't geddit, 'K?
They pull the cuts out of their ass.
Bush pushed trillions of dollars over to the "supply-side" this after a stock market bubble had already told us that their was already too much money on that side already.
This economy is not going to get better unless all of those trillions are moved back over to the demand side, and then some.
My feeling that any remedy south of a trillion dollars is just pissing in the wind, and the crash is going to pick up steam and become much, much worse than anyone can now fathom. And we won't have large industrial companies around to pull us out either.