Skip to comments.Fed joins with European banks to battle credit crisis
Posted on 05/02/2008 6:14:20 AM PDT by mr_hammer
The Fed said it was boosting the amount of emergency reserves it supplies to U.S. banks to $150 billion in May, from the $100 billion it supplied in April. The Fed took this action and several other moves to boost credit in coordination with the European Central Bank and the Swiss National Bank.
(Excerpt) Read more at biz.yahoo.com ...
Proof of the unlimited support the fed is going to provide has shown up in the price of fuel/energy and food.
Let the presses roll...!
Place your bets...the market, commodities?
Where the wheel stops nobody knows.
Ben has been a busy man. He is a little slow on somethings and doesn’t know the right words to please the markets, but if he steers the US in avoiding a recession, I think it will be one of the most incredible feats by the fed in its history.
The commodity run is mostly over. Time to be back in the markets, IMHO.
In the old days, this used to be called “inflation”. Now its called “monetary policy”
“The commodity run is mostly over. Time to be back in the markets, IMHO.”
...tend to agree with you. We will see. Although I am really concerned about household balance sheets, still a lot of danger there.
Where are mom and pop going to get the money to spring for the increases in fuel and energy, business just pass those cost along. At some point the money is going to have to come from somewhere...it is not going to be the home ATM Machine.
BUT all is WELL - stock market is up big in the last two days.
Nothing to see here - move along...