“Mooing in the zombie paddock.”

Raising rates from zero to .25 would have an impact on the value of the dollar, but little impact on the dollar carry trade exiting the Fed window.

NEITHER will have much effect on unemployment, short term.

The idea of low interest rates BENEFITTING our economy needs to be re-examined. It is (for the time being) obsolete thinking. All that happens is that the banks with access to the free money from the Fed use this in the dollar carry trade, which does nothing for our economy. Its like a grammer school math game, “How many zeros to you have to add together to get “1″?”

So long as the money just exits the Fed and either enters a zombie bank, zombie insurance company or zombie large corporation, OR the dollar carry trade, its all just mental masterbation so far as jobs or true impact in the real world is concerned.

Now that they are transforming the Fed into a zombie, and adding more and more state governments to the zombie herd (California is already mooing in the zombie paddock), the plan is accelerating.

- Tripleblack

Related Posts:

• Time to take the chips off the table.
• The shop till I drop, I must sustain my unsustainable lifestyle, US consumers days are over.
• 2010 will be another year of no job growth.
• The U.S. is in a very bad position!!!
• I am old enough that I remember my grandfather’s words about his living through the Great Depression.

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