Reply #17: Like the last lowering of interest rates has done anything

[MadHound]

Sorry, but it takes six to nine months for lowered interest rates to have any effect on our economy. So far, we haven't seen any of those effects, and frankly I doubt that we will for a long time, if ever. The simple fact is that it doesn't matter how low the interest rates are, people aren't going to buy those big ticket items if they have no money, which is the case for the majority of people in this age of rising fuel, energy, food and other prices.

Meanwhile these lowered interest rates are adding more fuel to the fire of inflation. Given that the numbers that show what the economy is really doing are all looking south, the Dow is simply whistling past the graveyard at this point. We're heading right over the cliff, and at this point we're pretty much out of options that would prevent this from happening.