On a serious note, though, this does not bode well for the economy.
See with the Fed dropping the rates, we are running a heigtened risk of inflation with the dollar continuing its decline. When the dollar is strong, inflation is less of a concern. And with the mortgage industry being as bad as it is, the entire economy is being dragged down.
We are seriously running the risk of stagflation. Not good. Not good at all. It might be better just to let the economy go into recession and work its way out.