I dont think that he can rescue anything. I think he could move rates to zero and still not get any positive reaction.

The tipping point was reached about 6 months ago when the average american woke up to the fact that housing prices don’t always just go up. The spell is broken. People see that you can very easily lose 300k with the wrong financial decision. Whereas before they thought that they could not lose. You cannot get that type of market sentiment back, ONCE ITS GONE, ITS GONE….
yes humpty dumpty has fallin off the wall and the kings men might as well make some scrambled eggs