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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (72179)12/10/2007 11:11:02 AM
From: mishedlo  Respond to of 116555
 
Losing Control Of Monetary Policy
globaleconomicanalysis.blogspot.com
The Fed and BOE easing actions simply are not working to restore faith in the credit markets. Credit conditions based on LIBOR are worse now than in the August and November stock market swoons. Banks remain reluctant to lend to one another in spite of central bank efforts to provide liquidity.
Mish