If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!I’m sure you’re familiar with the irritatingly-effective Toyota commerical that used the song “Saved By Zero” by the Fixx to promote car sales with 0% financing. Well Bernanke could have busted out the boom box (or Toyota ad from [...]
I’m sure you’ve heard. The Fed cut rates to about zero. Welcome to the beginning of our lost decade.
I’ll have more later, but I didn’t want you all to think I didn’t notice.
The Federal Reserve held interest rates steady at 2%, rebuffing some talk of another interest rate cut in light of the recent meltdown of Lehman and AIG. This was the first time in a year the vote by the FOMC was unanimous.
Here’s the statement:
The Federal Open Market Committee decided today to keep its target [...]
Loading ...