The Federal Reserve's rescue has failed - Telegraph
Paul Krugman: "The Fed is studying the Japanese experience with zero rates very closely. The problem is that if they want to cut rates as aggressively as they did in the early 1990s and 2001, they have to go below zero."
Posted Mar 03, 2008
Jim Cowie
Responses to this thread:
Jim Cowie:
in the suburbs, millions of acres of gator habitat bulldozed to create little haciendas, all in various phases of suspended construction, with metal shutters over the windows and nobody in sight
Jim Cowie:
the median price of a home in Dade County fell by fifteen percent in January alone, according to the paper there
Shimon:
notgneiss:
The quote from Paul Krugman cheered me up. He's a ninny. If he's certain of looming disaster, it's time to buy...
