The fed is doing their part. Let's hope they don't run out of ink.
Wednesday, November 26, 2008
$8.5 trillion with more on the way
Click the image below to see a blow by blow accounting of what our elected (and unelected) leaders have been up to:
The fed is doing their part. Let's hope they don't run out of ink.
The fed is doing their part. Let's hope they don't run out of ink.
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1 comments:
happy thanksgiving to all,
meanwhile, parking lots around here..louisville...are busy...though not convincingly full. the real negative are the closings of a few restaurants and multiple projects...like restaurants and real estate developments...that have been placed on hold. my thought is that the public has a habit of living in the moment and hope springs eternal that rescues can have immediate impact. as long as they have a paycheck or unused credit, they spend. the level of fear than changes behavior is moving in like a slow high tide. all the fed and treasury dept public officials have a duty to explain how and where they went wrong. not to hang them but to learn from experience...and, well maybe to punish a few. i follow don coxe's commentary. fwiw, the more negative that he was about the derivative mkt the more pressure he got to shut up...so he says. looking forward in the mkt, the traditional view...underscored by coxe, is that the equity mkt can not move forward unless led by the BKX.
personally, i'd like to see the financial assets be left in the dust ala the tech boom and bust.
jasper
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