The verdict is in. The Fed's emergency rate cuts in January have failed to halt the downward spiral towards a full-blown debt deflation. Much more drastic action will be needed.

I know the objective of the stimulus plan is to give the economy a jump-start through consumer spending (anticipated to be heavy on retail). I don't plan on heading that route, rather I wish to make a sound investment or alleviate debt.

A bit of good news for once: Netflix (NFLX) shares are headed higher Wednesday morning after the company provided an upward revision of first quarter and 2008 guidance.