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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (9629)	3/19/2009 5:06:55 PM
From: DuckTapeSunroof	Respond to of 103300

"They may not have been pushing on a string, there is a lag of course in the effects of a low, near 0% Fed Funds rate." Oh, I don't think that there is any doubt that the Fed was pushing on a string. The goal of lowered Fed Funds is to stimulate lending --- and by all measures lending has fallen off a cliff. Money supply is down (because V is seriously down). Now... that does not tell us where M1 or M2 or V will be in a year, or in two years, but from last Fall through right now they are DOWN BIG.