Wednesday, Apr 30, 2008
Only one tool, and he's gonna use it!
BBC News: Further cut in US interest rates
''...The Federal Reserve has cut its key interest rate from 2.25% to 2.0% as it aims to avoid a possible US recession. It is the latest in a series of rate cuts, which began in September when the federal funds rate was cut from 5.25% to 4.75%.
...'''
Posted by hpwatcher @ 07:25 PM (798 views) Add Comment
7 Comments
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1. hpwatcher said...
On channel 4 news, loads of Americans moaning about the [massive] inflation in fuel and food...what a surprise!
UK, can expect cost of petrol to hit 1.20 a litre by July.
2. mark wadsworth said...
Two tools, actually. Huge cheap loans to banks, oo-er, that doesn't work. Slashing interest rates and letting inflation rip, oo-er that won't work either. Hhmmm. Scratches head...
Bernanke - rhymes with w.....
3. techieman said...
erm mark dont want to be picky but you have missed the fiscal stimulus "package".
4. plato said...
That's it then : Recession Guaranteed .
5. dohousescrashinthewoods said...
I figure it was baked in when the US started borrowing money to pay the interest on its borrowed money.
The only ways out of debt slavery sre to beg for mercy, or to destroy the currency.
6. mark wadsworth said...
Techieman, thanks, d'you mean the $600 tax rebates to all and sundry?
I forgot that one. Which won't work either.
Go to google.com and search for the exact phrase "Just how stupid is George W Bush?"
7. techieman said...
mark, didnt say it would work - just said you missed it ;-).