Wednesday, 17 September 2008


yo! cop fo dis... da FED is outa ammo!!!

yves :Update
11:30 AM: "FT Alphaville, putting none too fine a point on it, calls its post "The Fed’s run out of money," and provided the text of the Treasury's press release. This bit caught my eye:
The Treasury Department announced today the initiation of a temporary Supplementary Financing Program at the request of the Federal Reserve. The program will consist of a series of Treasury bills, apart from Treasury’s current borrowing program, which will provide cash for use in the Federal Reserve initiatives.
"Temporary". If you believe that, I have a bridge I'd like to sell you....

In all seriousness, just like the Term Auction Facility and the other supposedly temporary special facilities, it will be very hard to wean the financial system off central bank support."
naked capitalism

peteybethyname : itta alla faulta yo one arm bandit atta FED creatin alla anti-money while lisnin ta Also Sprak Zarathrustra onna ipod nano... anti-money an pozi-money be created equal but IS CANCELLING OUT CAPITAL...
itta bust... an planes is grahnded allovva a wurld.

I heard tell o how a WIZARD O OZ can stop a DEflation wi a INflation...folk say...
itta lotta fun...but not as good as gold!

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