Hopefully this will throw more light on the subject:

http://www.acredittrader.com/?p=65

It's true that when they want you to look over here <----

you should really be looking over there ---->

but at the same time, let's not lose sight of the fact that it's this ridiculous notion that you can "manage" an economy via interest rate manipulation of fiat currency that's behind the whole stinking mess. You can't. Players will always find a way to game the system to their own advantage right up to the point the system collapses. Well, that's where we are now. So what do we do next? That's the question.

ebear