by Semillon » Thu Jan 17, 2008 6:53 pm
I'm obv not from the US so correct me if I am way off the mark... but surely the cash rate cuts of late is the best that can do to stimulate growth? The real problem comes if the economy continues to slow and inflation does start to go ballistic... mmm circle of economic death.
We have the reverse problem here down under, our reserve bank keeps cranking up the cash rate to try slow our booming economy...