Professor Tim Congdon from International Monetary Research said US bank loans have fallen at an annual pace of almost 14pc in the three months to August (from $7,147bn to $6,886bn).
"There has been nothing like this in the USA since the 1930s," he said. "The rapid destruction of money balances is madness."
“They want everything to be stable and in harmony,” said Francis Lun, general manager of Fulbright Securities Ltd., in an interview with Bloomberg Television today. “They will approve more stock market funds and allow them to buy into the market.”...
...here in...
...palookagrad...
...all things are possible...
...but...
...most things are fixed...
...in theory...
...the gamblers bets should be winning all the time...
...except when they do not...
...of course...
...nobody knows when this must happen...
...This is not a simple problem...
...Restore normality too soon...
...and the risk is that a weak recovery will double dip into a second and deeper recession...
...Restore it too late and inflation will already be ingrained"...
PAINT AT THE END OF THE TUNNEL
petey :
...here in ...
...palookagrad...
...we are...
...uncertain...
...we would have been much happier...
...if the politix...
...had let the markets sort out the mess...
...but...
...vested interest...
...has stolen the day...
THE ONLY GAME IN TOWN
...yes the game is fixed...
...and yes you have to play...
...just don't be under any illusions...
...about efficient markets...
...or best advice...
...or rules...
...or solvency...
...smoke and mirrors...
...shifting sands...
...moving goal posts...
...it's economics jim!..
...but not as we knew it...
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