Bulletins From Clunkerville By MIKE WHITNEY CounterPunch.org August 14-16, 2009 Is the economy really recovering or is it all just hype? Here’s what we know. The Fed doesn’t drop rates to zero unless its facing a 5 alarm fire and needs to pull out all the stops. The idea is to flood the markets with liquidity in order to avoid a complete financial meltdown. It’s a last-ditch maneuver and the Fed does not take it lightly. The Fed initiated its zero interest rate policy, ZIRP, eig…

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