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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Travis_Bickle who wrote (71058)	11/9/2007 12:50:44 PM
From: mishedlo	Read Replies (2) of 116555

What's Really On the Fed's Mind? globaleconomicanalysis.blogspot.com Banks are in a situation eerily similar to the Japanese banks in 1992. They are sitting on bad loans but regulators allow those loans on the books at face value. The Fed is very concerned about a massive debt deflation credit crunch that restricts the ability of banks to lend and inhibits consumer spending. Fed actions prove what is on their minds. Mish

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