From today's interest rate cut news, see Fed cuts target for key rate to record low.We see the Fed feel panic and start aggressive policy they should adopt 1 year ago!
- The federal rate is in a range of 0 to 0.25 percent now, which is the lowest in record!
- Ben Bernanke will use "all available tools" or " a variety of unconventional methods" to drive the bank to loan money
So will "all available tools" prevent the free fall of US market? I don't think so. Everything has its natural law, not menthod to the always bullshitting finance with tons of tricks & frauds. If Dow is targeted to 4000 to 6000, it will be there whatever Mr Bernanke will do.
Will the situation become better? I wish so. Look, we are experiencing the history since last year! Five biggest investment banks collapsed one bye one; FNM & FRE are bailed out by Uncle Sam; AIG kept asking money from tax payer for life line; Washington Mutual was forced to be sold to JP Morgan; While Wachovia was bought by WFC though the Fed wanted it to go Citi Bank at 1$ each share! Now, we see the lowest level rate! We are experiencing the history for sure!! No doubt!
