To: bruinbirdman
Yes, the Fed caused this mess by setting the price of credit too low for too long, feeding the cancer of debt dependency. But we are in the eye of the storm now. This is not a time for priggery.
if this is trus, should the Feds be reasing the rate ?
I seem to recall japan tried to get out of their mess by having zero interest...how did that work out ?
3 posted on
03/16/2008 9:04:56 PM PDT by
stylin19a
To: stylin19a
"I seem to recall japan tried to get out of their mess by having zero interest...how did that work out ?"
Japan continued to produce, even after importing raw materials from elsewhere for input to production.
7 posted on
03/16/2008 9:08:05 PM PDT by
familyop
(Lowly, worthless male weekend warrior trash has-been with no degree.)
To: stylin19a
reasing = raising
9 posted on
03/16/2008 9:10:27 PM PDT by
stylin19a
To: stylin19a
“I seem to recall japan tried to get out of their mess by having zero interest...how did that work out ?”
10+ year recession.
18 posted on
03/16/2008 9:18:14 PM PDT by
Proud_USA_Republican
(We're going to take things away from you on behalf of the common good. - Hillary Clinton)
To: stylin19a
“I seem to recall japan tried to get out of their mess by having zero interest...how did that work out ?”
Wll. Bernanke is smarter than the Japs. You see, if you cause the sub prime debacle by printing money, then the cure must be to print money.
38 posted on
03/16/2008 9:35:28 PM PDT by
FastCoyote
(I am intolerant of the intolerable.)
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