The only way to exit is by the door the Fed came in. It barged into the market buying up toxic assets and Treasury notes and bonds. In order to get back out the door, it has to get rid of all the debt it gobbled up.
December 3rd, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "toxic assets"
Possible Second Round of Panic Hitting Financial Markets
But what about Main Street, what’s going on there? According to the Westpac-Melbourne Institute consumer index released yesterday, Australians were exactly 8.3% more confident in early April than they were in April March. See what a dose of low petrol prices, declining interest rates, and government cash can do for you?
April 9th, 2009 | Dan Denning | 14 comments | Continued
