Wednesday, March 18, 2009
Fat Chance, Size Matters etc.
No one knows whether these measures will work. Much depends on whether banks loan out the cash they raise from selling treasuries and whether households and businesses spend, rather than save, any extra borrowing," he said. "But the sheer size of the measures suggests that they will do some good, thus increasing the chances of a decent recovery next year. At the least, no one can say that the Fed isn't trying.