This is a dangerous game that the fed is playing,

http://money.cnn.com/2008/12/15/news...rket/index.htm

 

Indeed it is....

The only indisputable truth that I realized is that I cannot do anything more than look out for number 1 in the current economy...Things are getting so out of control that I could be and maybe should be panicking right now for the uncertain future of the economy, but that's not going to get me anywhere. We just gotta take it one day at a time and keep on keepin on.

 

I cant work any harder or spend any more money, so I'm doing my part to keep things going.....everything is boom and bust cycles. Deflation is lurking around the corner though..and thats a tough spiral to get out of.

 

The Fed does the same thing every several years, high rates stop the economy, low rates get it going again, this is the classic boom and bust cycle. The difference this time is that we depend on foreign money to subsidize our debt much more than in the past. That is because we spend so much on crap from China and oil from the middle east and we don't have any of our own money anymore.

But I do agree that after this recession, the next boom will be short followed by another bust fairly quickly. The only way for us to get out of it is to balance the trade numbers, but you and I know that will not happen.

 

The rate was just cut to "between 0 and 0.25 percent". There is nothing normal about this at all. People with open eyes are going to survive, and some will prosper.

 

Japan has zero % rates for a long time and rebuilt the same roads over and over (Obama's plan), it took FOREVER for them to get out of their funk.

I agree with you, there is an opportunity here, I am not sure where. Banks?