yup. bernanke says the first thing the central bank need to do to fight deflation is to announce 'short-term rates will stay low for a long-time', guess the deferreds might gap nicely!
Until the so called low rates flow through to relail rates e.g. Mortgages then nothing will change. I am ready to refinance to a 3% mortgage and to start spending the savings
Absolutely, did you think, "What other choice did they have"? What's a 0% interest rate environment like?
Retail rates? I'm borrowing money on margin for securities at 7.5% right now, and I can't see that getting much lower.