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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Augustus Gloop who wrote (9101)3/18/2008 10:26:55 AM
From: John Pitera  Read Replies (2) | Respond to of 33421
 
So John Bogle feels that the FED is going to run out of money... 860 Billion on their balance sheet, and that's the whole shootin' Match

I tend to doubt he's got access to the FED's entire balance sheet, and I am dismissive of his view.... For better or worse.

A Central Bank can hardly run out of money until they blow up their currency... heck I'd say the Swiss National bank could create more assets than 860 billion.

John



To: Augustus Gloop who wrote (9101)3/18/2008 12:23:17 PM
From: Lazarus_Long  Read Replies (1) | Respond to of 33421
 
Yeah. I'd guess 75 beeps. And a lower low when reality sets in.

But should the gov't even BE rescuing private businesses?