FLASHBACK DEC 2008

"Fed slashes key rate to near zero

Ben Bernanke & Co. cite the weakness in the economy and the reduced inflation threat as justification to cut rates to a record low range of 0% to 0.25%."

But article goes on to conclude:

" Despite the dramatic nature of the Fed's move, some economists questioned whether it will have much effect on the economy. They said the problem for consumers and businesses right now is not the cost of borrowing, but the availability of credit and the weaker economic fundamentals."

So it's been 21 months folks and the rate is still 0% ! and it still hasn't produced much for the economy....and hurt savers.....why is everyone keying on what the FED may or may not do?

If the recovery was real and sustainable.....data would be much different.

D