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)
One thought on “Overall credit conditions could tighten into a slump (like 1930). It’s the stuff of bad dreams”
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James says:
http://www.housepricecrash.co.uk/newsblog/2008/03/blog-will-gold-be-confiscated-again-11162.php