Burn, baby, burn.
At that Oct. 29 session, the Fed ratcheted down rates to 1 percent, a level seen only once before in the last half-century. Many economists predict the Fed will lower rates again at its last meeting of the year on Dec. 16, to help brace the sinking economy.
http://www.breitbart.com/article.php?id=D94I6CF00&show_article=1
All the way to the ground.
But...this is really shaping up to be a “perfect storm” for Obama. He will claim a mandate to radically change our financial system (for the worse). Remember, he’s not President yet and all his voters are still blaming Bush.
It’s Obama’s fault. (see my tagline).