Federal Reserve cuts rates to zero*

[jhetley]

"Sounds like they're out of ammo, Lieutenant.  Time to rush 'em."

*Zero to .25% in the article I read.  Don't know how they break down the range.

Comments

[edschweppe.livejournal.com]

A trick that worked so well for the Bank of Japan.

Hopefully, Obama's stimulus plan will be more effective than those of the LDP.

[jhetley.livejournal.com]

Obviously, the Fed doesn't want us to save. Spend!

Angels we have heard on high,
Telling us, go out and buy!

[jhetley.livejournal.com]

(Further)

It seems to be having some "interesting" effects on exchange rates, as overseas investors decide that the dollar is not a profitable place to keep your assets . . .