It is too late.
In the 8 years of Bush administration, the low interest rate was the reason for the sub-prime borrowing. The lackeys/cronies/anglophiles were providing the funds.
It is not un-anticipated. In fact, the financial market was looking forward to it.
It is almost ineffective and certainly meaningless in trying to restore confidence.
Corporate failures will come next.
The rate is so low in the US that it has practically reached the classic liquidity trap.
In the 8 years of Bush administration, the low interest rate was the reason for the sub-prime borrowing. The lackeys/cronies/anglophiles were providing the funds.
It is not un-anticipated. In fact, the financial market was looking forward to it.
It is almost ineffective and certainly meaningless in trying to restore confidence.
Corporate failures will come next.
The rate is so low in the US that it has practically reached the classic liquidity trap.
