All Posts Tagged With: "Term Auction Facility"

If this were a real war between inflation and deflation, the armies of deflation would have just cut off the head of one of inflation’s leading generals and put it on a pike as they stormed across the global marketplace, setting fire to asset values and mowing day stock markets. So the $700 billion TARP plan, at least so far, is a total failure in reflating confidence in the stock markets. Let’s hope it fares better in repairing bank balance sheets. But if it doesn’t, what’s Plan B? More on that in moment.

October 7th, 2008 | Dan Denning | 1 comment | Continued