World is Making a Big Mistake

Interest rate cuts around the world is not just a useless solution - it's dangerous, as I posit in my previous post.   Apparently I'm not alone in this concern. 

The stock market apparently has reservations as well. 

UPDATE:  Apparently, the average Joe doesn't have confidence in "normal" monetary policy tools either, nor even fiscal policy.  

They like the "give it time" idea.   Or maybe they don't like it, but they accept it.  

I would add, "give it time, BUT keep using non-traditional tools to try to loosen credit markets."