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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (24567)	10/28/2007 7:34:46 AM
From: elmatador	Read Replies (2) \| Respond to of 218085

Bernanke said that the Fed has set up a “crisis center” to handle potential global financial problems - to anticipate them, and to deal with them if they occur. What are the possibilities? A dollar collapse, like the one Paul Volcker suggested would happen in the next few years. (We’re certainly moving in this direction.) A non-dollar currency crisis in Asia, Europe or Latin America (shades of the 1997 Asian currency crisis). A housing crash and foreclosure crisis (we suffered one this summer). A major terrorist attack on a financial center, such as New York, London or Tokyo. A sharp unexpected rise in inflation. Bernanke revealed the various policy measures the Fed might take in response to a crisis: buying government bonds, providing overdrafts and other short- term credits to banks, facilitating currency swaps (to boost the dollar), and “securities lending,” that is, lending money to institutions to buy stocks.