@CNNMoney August 10, 2011: 1:43 PM ET
NEW YORK (CNNMoney) -- Is the Federal Reserve waving the white surrender flag? It sure looks that way.
The Fed made the unusual (and unprecedented) move on Tuesday to tell the market in plain English that it intends to keep rates near zero for the next two years!
That is probably one of the reasons that the post-Fed euphoria on Tuesday afternoon on Wall Streetquickly gave way to despair again on Wednesday.
This is not good. The Great Recession may have technically ended in June 2009. But for many Americans, this current malaise is just an extension of the problems that first began to surface in 2007. Lost Decade anyone?
http://money.cnn.com/2011/08/10/news/economy/thebuzz/index.htm?source=yahoo_hosted
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