Reason #9: The Fed can't do it either - Michael Shulman

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Reason #9: The Fed can't do it either
Oct 25, 2009 05:00 PM UTC

Michael Shulman

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Filed under: Federal Reserve, Recession

Reason #9 the economy won't recover in 2010 Historically, the Fed has lowered interest rates to spur spending and investment.

Well, the Fed has already cut interest rates to banks down to essentially zero. The media are screaming about potential inflation due to the trillion dollars the Fed put into the system, but that trillion has simply replaced the trillion written down by the banks, which have another trillion and a half in write-downs to go.

Continue reading Reason #9: The Fed can't do it either

Reason #9: The Fed can't do it either originally appeared on BloggingStocks on Sun, 25 Oct 2009 12:00:00 EST. Please see our terms for use of feeds.

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