I often try to put clever titles on my "Chasing Value" column here at BloggingStocks. But today I have to hand it to my fellow BloggingStocks contributor Jim Cramer, who came up with a doozy this morning. His post is titled, "Fed has grounds to cut to zero." In it, he suggests that the economy is in such poor shape that the Federal Reserve could actually cut rates back to ZERO -- yes 0%.
Is Cramer's close association to Wall Street fogging his thinking? If interest rates get anywhere near 0%, you can sign me up now for all the money in all the banks. I guess than we won't need the Fed anymore since I will have all the money. Everyone can sit by their favorite form of media, waiting to hear what I think about where the economy is going. Of course that won't matter either because if I have all the money the economy will go where I say it will go -- or maybe not?
Then again if the interest rates go to zero, perhaps the value of the dollar will go to zero as well. Cramer needs to look beyond the needs of Wall Street.
To find potential opportunities and verify my track record, read Chasing Value or Serious Money.
Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm.
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