Yet again, the Fed Chairman reinforced the concept of the "Greenspan put" with Tuesday's FOMC announcement. The fed funds rate will remain artificially low for as long as necessary. Go to it!Investors, pile on the carry trade or buy some beta. Consumers, go refinance the old homestead for a third time, extracting an extra 10 grand for that Caribbean vacation you deserve. Or dump that 3-year-old SUV for a brand spanking new Hummer.
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