Showing posts with label Low interest lengthens recession. Show all posts
Showing posts with label Low interest lengthens recession. Show all posts

Sunday, August 14, 2011

FED LENGTHENS RECESSION AND WALL STREET LOVES IT


Submitted by: Donald Hank

The Fix is In: How Government and Banks Benefit from Economic Crisis

This week's wild actions on Wall Street should serve as a stark reminder that few investors have any clue as to what is really going on beneath the surface of America's troubled economy. But this week did bring startling clarity on at least one front. In its August policy statement the Federal Reserve took the highly unusual step of putting a specific time frame for the continuation of its near zero interest rate policy.