I don't know if you guys are into economics or not. I'm an econ major myself and all the recent fed activity is very interesting. I think Keynes talked about a liquidity trap where monetary easing would have little effect on boosting economic growth. The theory is that the fed is "pushing on a string." No amount of rate cuts would increase consumer spending according to this theory. This is the current situation of the Japanese recession. The government has cut rates to near zero and rates even went negative at one point in time! Japan also had a tech and real estate boom before it's bubble collapse. Anybody else see similarities? And if there more rate cuts in the future, how would a trader take advantage of the situation? Buy bonds? Bond options? Some kind of bond spread? Buy or sell at what maturity? I know nothing about bond trading so any info is appreciated. Even if I never put on a bond trade, it's good to know about them IMHO. I don't know if anybody here trades on economic information like interest rates. I think tech analysis is great but fundamental changes like this can't be ignored.