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.

[wcg.livejournal.com]

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

For some reason, I'm thinking of the 29th British Infantry at Islandawana...