Fed can not raise rates for like another two years
By Daniel at 30 June, 2009, 2:09 pm
This was all a fore gone conclusion once they headed down with the rates. You can’t go all the way to zero and then ramp back up. They will have to keep the defendant people defendant until further notice. While we should have been raising rates for over a year now, it appears the Bernanke / Greenspan era is still fully intact!! And there are still downside potential and uncertainties head of us.
Low rates, easy / forced credit and bad Fed policies got us to where we were in 2006/2007 and now we see even lower rates, easy / forced credit being mandated by Barney Frank and even worse Fed policies than we had before. This will get us out of the recession how again? Maybe I missed the memo…
This is easily the worst President we have seen for the future health of our country in the entire history of our country… easily!!! If you think things are bad now, you have not seen anything as of yet. Many more failed banks, failed companies, job losses and foreclosures coming and all at a time when this President is pushing a bill through that will be the highest tax increase in the history of our country. Worse it ensures all by itself massive Government and continued massive deficits.
We are on a collision course that will in the end destroy America as we once knew it. Our standard of living will decrease as will the value of our currency. Our children’s children will be paying for the mistakes in only 6 short months for decades and decades to come.
Welcome to hope and change America!!!
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