Quote:
Originally Posted by JP-pornshooter
they are trying to keep things from going into a recession near future.. they have to save the housing market, this is one way to ease the pain. secondly cheap money is needed for business to grow... not so much your mom and pop type scenario, big business need cheap cash for start up and keep wheels rolling.
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This will not help recession and it will not save the housing market. People are borrowing more than ever and this will increase the trend. You have a point regarding big business spending. But it will not help recession I believe.