Monday, Mar 17, 2008
Overall credit conditions could tighten into a slump (like 1930). It's the stuff of bad dreams
The Telegraph: Foreign investors veto Fed rescue
"The imminent risk is that global flight from US Treasury and agency debt drives up long-term rates, the key funding instrument for mortgages and corporations. The effect could outweigh Fed easing."
The Fed has ran out of ammo.
Posted by sold 2 rent 1 @ 10:44 AM (269 views) Add Comment
1 Comment
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1. James said...
http://www.housepricecrash.co.uk/newsblog/2008/03/blog-will-gold-be-confiscated-again-11162.php