Wednesday, Aug 22, 2007
The liquidity pump remains firmly on...
FT: ECB move to inject funds lifts markets
The ECB is still busy getting money out onto the market as fast as it can. The damage will be longer term.
Posted by whiteknight @ 10:40 PM (390 views) Add Comment
3 Comments
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1. whiteknight said...
The PR spin they have put on this is quite amazing.
You have to borrow a lot of money either now or down the line. So you set it up by borrowing now and saying "its no big deal. We could borrow anywhere. We just choose to borrow here. One for all and all for one. In support of the action the Fed is taking"
Next thing you have some people in the financial press suddenly thinking and saying this is all normal ... a regular occurance.....symbolic only.... (symbolic!!!?!!symbolic of what? The fact these idiots have broken the financial system) Clever stuff. Wont help them , but clever all the same.
Reminds me of some of the games played to get the buzzword "subprime" out there. Nevermind there is no subprime OR the whole book is practically subprime.
You can even see the little cogs whirring around inside their heads as it all happens can't you.
Shame they didnt read the rules of the game; NEVER raise on a busted flush.
2. Scott said...
It's all on the news now. You can't put the genie back in the bottle. I would also like to commend the people who work on this site. The new graph on the front page with the red line looks very good, unless of course you are an estate agent, which I am not, as I promised my parents that I would always do an honest job to make a living.
3. Quiet Guy said...
I think history will judge our society and the banking system harshly for allowing debt to just keep growing like this. At this rate, we might want to ask President Magube for some tips about running our economy.