Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (69068)	5/2/2008 12:40:01 PM
From: Maurice Winn	Read Replies (3) of 74559

Speak of the Devil... Yahoo! tells me <The Fed said it was boosting the amount of emergency reserves it supplies to U.S. banks to $150 billion in May, from the $100 billion it supplied in April. The Fed took this action and several other moves to boost credit in coordination with the European Central Bank and the Swiss National Bank. > $50 billion extra on top of $100 billion extra. Can you imagine how many Broadway pies I could have bought with that? That's serious money even in my language. Just how big are his helicopters? He must have fleets of them. Rumour has it that American electorates got cheques in the mail too - as payment for being Americans. That's a good job to have. They should hire me. I'd go shopping too if they send me some cheques. Mqurice

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