http://www.crikey.com.au/2008/03/12/us-fed-throws-more-money-at-the-sinking-ship/ now with extra source Sun, 12 Feb 2012 00:37:58 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.crikey.com.au/2008/03/12/us-fed-throws-more-money-at-the-sinking-ship/#comment-25144 Venise Alstergren Thu, 01 Jan 1970 10:00:00 +0000 #comment-25144 Thanks PJ. Got any cheerful news? Thanks PJ. Got any cheerful news?

]]> http://www.crikey.com.au/2008/03/12/us-fed-throws-more-money-at-the-sinking-ship/#comment-25145 pj Thu, 01 Jan 1970 10:00:00 +0000 #comment-25145 The Fed ISN'T pumping money.It's a swap:Treasuries from Fed in exchange for "AAA of equal value" from Primary Dealers (net zero increase in money supply).Fed is trying to stop the short squeeze in t-bills which was about to kill a few PDs over last 2 days The Fed ISN’T pumping money.It’s a swap:Treasuries from Fed in exchange for “AAA of equal value” from Primary Dealers (net zero increase in money supply).Fed is trying to stop the short squeeze in t-bills which was about to kill a few PDs over last 2 days

]]> http://www.crikey.com.au/2008/03/12/us-fed-throws-more-money-at-the-sinking-ship/#comment-25146 pj Thu, 01 Jan 1970 10:00:00 +0000 #comment-25146 Forget "severe recession". What is coming will make the "Great Depression" look like a picnic. Soon, yesterday's dead cat bounce will be the least of our worries. The US is rooted, and the rest of us will be too. Forget “severe recession”. What is coming will make the “Great Depression” look like a picnic. Soon, yesterday’s dead cat bounce will be the least of our worries. The US is rooted, and the rest of us will be too.

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