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Today, as the Dow falls over 300 points and is down over 1,000 points in the past ten days, I thought it would be useful to revisit my Dow Jones Industrial's crash analysis I did in 2008. The analysis compared how the Dow was faring during the global financial crisis versus how it did in the 1930s in the throes of the Great Depression.

Let's assume the debt ceiling is eventually raised, as it will be. What does the future look like after? Unfortunately, it doesn't look like a very rosy scenario and if anything looks like another recession. That means lower rates on bank products for years to come, amongst other things: continued unemployment, stagnant stock market, weak dollar. Here are my reasons why:

As the bickering in Washington continues and we get closer to August 2, the date in which the Treasury estimates the government will run out of money to pay all of its obligations, it makes sense to think about what will happen to your finances if the government does indeed default.

The Fed has decided against continuing its course of quantitative easing or introducing a new round of monetary stimulus. That however doesn't mean that interest rates are going to be rising any time soon.

The Fed said today that the economy is growing below expectations. That's no big surprise. What it will take to turn the economy around and what this means for savers and for borrowers.

Former Fed Chairman Alan Greenspan said that a Greece debt default is "almost certain", something that very well could push the stumbling US economy back into recession.

Google announces Google Wallet, so that your phone can become your wallet - only smaller.

The Federal Reserve today voted to keep rates pegged at 0 - .25%, offering little hope to savers but more good time for borrowers. The Fed's statement did contain some signs of hope though.

The Japanese earthquake and tsunami are terrible humanitarian disasters. In today's global world, events in one country can quickly impact everyone. Just as the tsunami waves impacted the West Coast of the United States, it is worth pondering what the disaster's ripple effect will be on the US economy and rates.