The FED did what we thought, lowered rates by 3/4 point. Many thought a full point, but needed the ability to have additional wiggle room. Printing money for the Bear Stearns bailout, and present rising inflation, leaves the fed at a virtual 0% REAL Interest Rate. What Now? Watch out America

Its that dooms day scenario. The government… Bush, Paulson,  Bernake even, are all trying to put a positive spin on all this. Behind the scenes however, is a major panic. A panic that the WORLD markets will control, not the US. The world economy has officially lost its near term and more importantly long term faith in the US economy.

The inflation woes that are present, have taken a backseat to the credit and housing crisis? Why? Has it occured to anyone that amount of money and POWER that these people in finance have? Their voices and pocketbooks are much more “louder” than the american people. As a result, there will not be enough Aspirin in the medicine cabinent that will cure the sharp upturn in inflation that is occuring, and only gaining steam.

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