In an announcement released at two in the morning in New York, the Fed announced that it and other central banks would be providing unlimited liquidity to anyone who wanted it, more or less. Specifically, it said that participants to its new lending program, “will be able to borrow any amount they wish against the appropriate collateral in each jurisdiction.” This is like a giant no-money down, NO DOC loan to the entire global financial system. If the Fed could talk, you can imagine it saying…
October 14th, 2008 | Dan Denning | 1 comment | Continued Our DR Global Editions: 
Sunday, November 08th, 2009
-
The Markets
All Ordinaries 4604.40 +85.20
S&p/asx 200 4594.00 +86.00
Nzx 50 Index Gros 3160.16 +15.66
DJIA 10023.42 +17.46
NASDAQ 2112.44 +7.12
S&P 500 1069.30 +2.67
Ftse 100 5142.72 +17.08
2009-11-06 00:47 Most Comments
- Australian House Prices Are Severely and Seriously Unaffordable (183)
- Tell Us What Questions You Want Answered in the DR (169)
- A Flawed Theory on How to Manage an Economy During a Recession (100)
- Total Meltdown of the Aussie Housing Market (91)
- House Prices Always Go Structurally Higher in Australia (75)
Search
Archives
-
Recent Comments
-
Inflation is already and getting higher only the naive and deluded believe otherwise.
bargeass | 8Nov09 | More -
Australia's overvalued property is on borrowed time as the socialist, nanny state, land rationing policy will eventually be dumped and ...
bargeass | 8Nov09 | More -
"The poor object to being governed badly, while the rich object to being governed at all." G. K. Chesterton
Dan | 8Nov09 | More -
Gidday Ross. Number 4 sounds best but not betting on it.
Lucky the email was in my deleted items box for ...
Lachlan Scanlan | 8Nov09 | More -
This is why moderators are needed in a public forum such as this.
Dan | 8Nov09 | More -
" I rarely see the need to use smiley emoticons." :(
Pete | 8Nov09 | More -
Lachlan, have you got that link? I only read Casey when he syndicates. He isn't signed on to ...
Ross | 8Nov09 | More -
Well, at least it was funny.
Dan | 8Nov09 | More -
Much as i'd like to see Sydney house prices fall i do not think what happens in the USA will ...
murray | 8Nov09 | More -
EPILOGUE: Mr Denning strode into the office, stepped gingerly around a shred of cerebral cortex, over a lump of amygdala, ...
Pete | 8Nov09 | More
-
Inflation is already and getting higher only the naive and deluded believe otherwise.
© Copyright The Daily Reckoning Australia & Port Phillip Publishing Pty LTD 2009 All rights reserved.
Port Phillip Publishing Pty Ltd holds an Australian Financial Services License: 323 988. View our Financial Services Guide.
ACN: 117 765 009 ABN: 33 117 765 009
Port Phillip Publishing
Attn: Daily Reckoning Australia
PO Box 899
Braeside
VIC 3195
Tel: 1300 667 481
Fax: (03) 9558 2219