Federal Reserve Fires Last Bullet - Historic Day for Monetary Policy
We’ve had more than a fair helping of Fed letdowns lately, so today’s announcement was just all the more impressive and historic. Even PIMCO’s Mohamed El-Erian could only say “wow” at the language and posturing made inside today’s FOMC statement.
In an unprecedented move, the benchmark fed funds rate was set to a “range” of 0% [...]
Paulson Plan ‘Lite’ is Set to Pass
Here are the Quick Details to know…
First up are the considerations with Democratic leanings…
#1 -Money in installments: $250 (billion) now, $100 at White House approval (consider this liquid), then $350b that can only be authorized after a two-week period of what I would call “severe Congressional tire-kicking”. This back end of the deal (and the [...]
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