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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (76687)3/23/2008 11:05:14 PM
From: rudyt  Read Replies (1) of 116555
 
Below is an exchange between Claude and Mish in January.
Mish do you still believe the Fed "cannot provide capital" or do what ever it wants,when it wants and how much(money creating)it wants?

"But the Fed has the power to stimulate this ability".

Nope.
The Fed cannot create jobs.
Nor can the Fed provide capital to capital impaired banks.

Mish

Rudyt
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