Re: The Economy and Short Term Rates: 

Citing declining commodity prices and weak economic activity generally, the Fed Committee "expects inflation to moderate in coming quarters."

That's Fed-speak for: "we're no longer worried about inflation."

So if the Fed thinks inflation is no longer a problem and downside risks remain, Ben Bernanke might  beat Alan Greenspan and take the funds rate below 1%. (Update: Fed fund futures are now pricing in 100% odds of at least another 25 basis point rate cut before year-end.)

          I apologize for the delay on the 4-plex Phoenix Investment opportunity.  This article will be forthcoming.

Andrew Schmidt, Nations Home Funding BK0905991