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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: ahhaha who wrote (81590)3/16/2001 2:05:37 PM
From: LLCF  Read Replies (4) of 436258
 
< They didn't do that in the early '30s. It is almost certain that they will do that now.>

The fed cut rates quickly and deeply in 30-31. It's not clear to me that lowering rates will help the system that much, it lowers the borrowing cost to banks against their loans out increasing their spread. That's about it... unfortunately for them the other side of the spread may indeed return less then their borrow cost even @ zero.

< We have the problem and its chronic. Their rationalization for doing it is that inflation is acceptable if reducing unemployment is expedient. >

Got gold?

DAK
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