Dollar/Credit Crunch; Fed Lowers Rates

The Fed issued another emergency rate cut on Sunday in the aftermath of the Bears Sterns collapse. Despite the declining dollar and inflation it looks like we'll keep bailing out the banks until they're nationalized and we enter a complete collapse.

The Federal Reserve is urgently moving to contain a deepening credit crisis and restore confidence in panicked financial markets by becoming a lender of last resort for Wall Street investment houses, which were able to secure short-term emergency loans beginning Monday.

We're starting to look like inter-war Germany before Nazism. But, hey, they recovered... right?