Two comments:
1) The Fed either kill lending freeze very quickly by this massive injection of liquidity;
or
2) Fed got the wrong diagnosis and used wrong tools, and it won't save the economy and US dollar are going to have big trouble down the road.
SUBSCRIBE: 
Wednesday, October 22, 2008
Ever expanding Fed balance sheet
Fed balance sheet has "exploded" literally, adding another $300 billion from my last update.
Two comments:
1) The Fed either kill lending freeze very quickly by this massive injection of liquidity;
or
2) Fed got the wrong diagnosis and used wrong tools, and it won't save the economy and US dollar are going to have big trouble down the road.
Two comments:
1) The Fed either kill lending freeze very quickly by this massive injection of liquidity;
or
2) Fed got the wrong diagnosis and used wrong tools, and it won't save the economy and US dollar are going to have big trouble down the road.
Subscribe to:
Post Comments (Atom)
