The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: RockyBalboa who wrote (5184)	3/18/2008 12:16:05 PM
From: Real Man	Read Replies (1) of 71456

bloomberg.com The Fed has committed as much as 60 percent of the $709 billion in Treasury securities on its balance sheet to providing liquidity and opened the door to more with yesterday's decision to become a lender of last resort for the biggest Wall Street dealers. The central bank has cut short-term rates by 2.25 percentage points since September and will probably reduce them again tomorrow. Running kinda low, eh? They'll have to print when they run out, and that would not be good for the buck. Now they drained it. -g-

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