Reply #1: The only thing keeping the economy stoked... [View All]

[punpirate]

... right now is housing. Not raising interest rates keeps that bubble from bursting. Greenspin is doing his utmost to keep all the balls in the air, but it's not going to work in the long term. Six months ago, Greenspin was pushing for people to get into variable-rate mortgages as a way to keep the housing market stimulated (disregarding that he's kept interest rates artificially low and a whole lot of people will suffer when the interest rates finally catch up economic reality).

The stock market rally is more due to the influence of the Plunge Protection Team than the Fed's pronouncements on interest rates. Keep an eye on the stock charts and see what happens, often, at 2 pm on losing days....

Cheers.