Monday, March 17, 2008

Overall credit conditions could tighten into a slump (like 1930). It’s the stuff of bad dreams

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 (554 views)
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