I'm free associating, beginning with the word "fool"

[CreekDog]

http://www.theglobeandmail.com/report-on-business/economy/federal-reserve-boosts-discount-rate/article1473262/

The Federal Reserve is boosting the rate banks pay for emergency loans. The move won't affect borrowing costs for millions of Americans, but it brings the central bank's crisis lending program closer to normal.

The Fed has agreed to bump up that rate by one-quarter point to 0.75 pe rcent. The increase takes effect Friday.

The central bank said the move should not be viewed as a signal that it will soon boost interest rates for consumers and businesses. Record-low borrowing costs are still needed to foster the recovery.

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You know it might be good if a few people thought it was a better investment to spend now rather than keep it in the bank. It might produce an economic recovery --and that's when you deal with inflation through tightened fiscal policies and tax hikes, etc.

But during a recession with 10% unemployment? This is stupid.

[mikelgb]

1. with your pants on the ground