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To: stockstrader
Well he hasn't quite told us yet that he will decrease the fed rate down to 0. But he seems to be hinting in that direction.

Since they are printing money by the ton lately, maybe they can experiment with a negative interest rate: they will pay banks interest to borrow money from them.

That will allow banks to lend out money to businesses at an interest rate of 0 (or less) and still make a profit!

32 posted on 02/27/2008 10:00:31 PM PST by who_would_fardels_bear
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To: who_would_fardels_bear
He has told us he will do WHATEVER it takes to avoid a recession--to include "DROPPING MONEY OUT OF HELICOPTERS--IF THAT IS WHAT IT TAKES"!!!

Those are his words,,,not mine,,,he can't get any clearer than that!!!

33 posted on 02/27/2008 10:02:20 PM PST by stockstrader
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To: who_would_fardels_bear

To correct my earlier comment, Helicopter Ben was referring to dropping money out of a helicopter to prevent deflation—not a recession. The point remains-—that he has already told us LOUDLY and CLEARLY what he will do if necessary.


37 posted on 02/27/2008 10:10:39 PM PST by stockstrader
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