The more the Fed cuts rates, the less power they have. There's no quick fix for this one. We Americans have overspent and financed our lives. Now we're going to have to paydown that debt. It's going to take years.
Yep, they are trying everything, but I doubt there is a "solution" in the near future. They have to stick to their plan and just control the demage.
In reality they need to do the exact opposite. They need to let the market work, to let companies go into bankruptcy and to let houses be foreclosed upon. The market needs to clear to properly correct itself. What we're doing right now is making ourselves feel better without fixing the problem. In fact, we're making it worse.
