Tuesday, August 21, 2007

You don’t need a helicopter to distribute free money these days

The Fed’s rate cut: why the market’s positive reaction could be short-lived

The markets are crashing. It seems that no one can save them now. But wait a minute, what's that up there in the sky? Is it a bird? Is it a plane? No - it's a helicopter, actually. And the man at the controls, US Federal Reserve chief Ben Bernanke, clearly hopes that by flooding the US financial system with enough dollars, he can prevent the whole credit bubble from collapsing.

Posted by converted lurker @ 07:07 AM (626 views)
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One thought on “You don’t need a helicopter to distribute free money these days

  • Any one told our Guru this?

    On his web site a little while ago they were suggesting there was unlimited money to prop up the credit markets without any inflationary consequences……

    Ho ho ho ho ho ho ho. Little do they know eh?

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