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Rate Cuts and the Costs of a Weak Dollar


Faustus

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Eh... I'll just drink my beer now and enjoy a short bout of ignorance.

That sounds really good about now. I think I'll have one of those too!

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St. Bennie just went to 2% on Fed Funds. Hell, why doesn't he pay the banks and primary dealers 2% when they borrow from the Fed. Seems to me that the biggest part of the problem is that the 'off balance sheet' entities, alleged hedge funds, and assorted scum, are able to get money from the banks at a rate of 30 to 1. The horses' coolies in the administration would be for that. Trickanomics.

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