The current Fed rate is 1.5% and the market is pricing in another 0.25~0.50%rate cut.
As we know by now, the current debacle is caused by low interest rates since 2001 under Greenpants, who incidentally had served 18 years as Fed Chairman.
Greenpants would like us to believe free market capitalism has failed when it is fiscal and monetary policy meddling during the current Bush tenure that caused the current financial turmoil. Of course, those policies were supported by cronies like China and Singapore with large foreign reserves to throw.
Free market capitalism has not failed. We should uphold free market capitalism and put it on a pedestal. It is not greed on Wall Street but stupidity of politicians that resulted in big-scale market failure.
As we know by now, the current debacle is caused by low interest rates since 2001 under Greenpants, who incidentally had served 18 years as Fed Chairman.
Greenpants would like us to believe free market capitalism has failed when it is fiscal and monetary policy meddling during the current Bush tenure that caused the current financial turmoil. Of course, those policies were supported by cronies like China and Singapore with large foreign reserves to throw.
Free market capitalism has not failed. We should uphold free market capitalism and put it on a pedestal. It is not greed on Wall Street but stupidity of politicians that resulted in big-scale market failure.
