Basically this action is like taking the defibrillator to a patient and just ‘giving her’… and declaring that this will ‘heal’ the twitching patient… Unfortunately the patient is long dead, and the twitching will stop when the current from the defibrillator stops.
You can’t bring back the dead with a defibrillator. You can’t bring back dead banks with more liquidity. We are heading for Japan v2.0.
Think ZERO percent interest rates and think DEFLATION. Think LOST DECADE. Think DEPRESSION. Now make all that GLOBAL.
That is what we have to look forward to." the financial ninja
peteysan : Turning japanese!..turning japanese!..yes i think so....
mish :Proactive Stupidity....China, Russia Intervene In Equity Markets
peteyski : BACK INNA USSR
bloomberg : ``It is likely that we will see a much heavier regulatory hand that, in the end, is going to saddle lots of companies with unnecessary costs and damage our market system,'' said Poole, a Bloomberg News contributor.
Foreigners' appetite for investing in the U.S. may also be tempered by the impact of the crisis on the economy. Allen Sinai, chief economist at Decision Economics in New York, said the U.S. is in for an extended recession as the financial- services industry -- a major source of increased productivity growth in the past -- consolidates.
``The federal government assumes that it can borrow whatever it wants from foreign lenders at low interest rates for as long as it wants,'' said David Walker, former comptroller of the U.S. Government Accountability Office who's now head of the Peter G. Peterson Foundation in New York. ``That's an imprudent assumption.''
peteyville : PEAK AMERICA innit,,,