[ghostrider]

...I can’t see any benefit it has had to prevent the eventual deflation we are heading to. He likely delayed it, but I’m not seeing it prevented.

Ah, but you are looking for Economic logic in a purely political decision made by filthy politicians. They are just playing politics and trying to delay the pain until after the elections.

[Freedom_Is_Not_Free]

Anybody at all? Can ANYBODY tell me the tangible benefit of 2.0% toward ending the liquidity crisis and restoring insolvent banks? Anybody? I know it gave speculators more money to buy gold stocks and oil stocks? But what good has it done to fix the systemic crisis that is worsening on a daily basis?

Anyone?

*** Crickets chirping in the heat of a still night as a pin strikes the tile floor with a resounding PING!... ***