>
Source:
Fed Weighs Its Options as Europe Cuts Rates
JOELLEN PERRY and JON HILSENRATH
WSJ, DECEMBER 5, 2008
http://online.wsj.com/article/SB122843724270881449.html
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Very little is written about what will happen when all the dollars, built up as foreign central bank and private holdings, get spent. Indeed, we believe that not only will the dollars get spent, but this spending will have massive inflationary implications for America." —Richard Benson
"The Greek offer is not sufficient and they have to go away to come up with a revised plan," said a spokesman for the German Finance Ministry. The Greeks must first have a plan that satisfies the Germans which this comment states they clearly don't yet and then the Greek Parliament will vote on it this weekend. This said, whatever package gets voted on in Greece is basically an up or down vote on euro membership so we are entering another uncertain weekend for global markets. A failed vote will likely lead to a hard default which may be what...
read more »
Tweet
Facebook
Reddit
Digg this!
December 5th, 2008 at 12:12 pm
Now I’d love for someone to explain how you can get a depression when central banks are working in unison.
December 5th, 2008 at 12:17 pm
John:
Pushing on a string.
The tide turned. Just a question of how long it takes for the slack to come out. Otherwise, they’ll push till the cows come home.
Chuck