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

To: SouthFloridaGuy who wrote (83355)8/17/2008 10:07:47 PM
From: bullbud  Read Replies (1) | Respond to of 116555
 
"The Fed need not do anything to 'prop' up assets and I don't think they plan to either. The Fed's job is to ensure the solvency of the banking system"

Isn't ensuring solvency a way of propping up assets? I do believe it is!



To: SouthFloridaGuy who wrote (83355)8/17/2008 11:16:24 PM
From: Claude Cormier  Read Replies (1) | Respond to of 116555
 
- The best way to get the economy going is to let assets revalue

I agree. But there is a less painful way, at least in apparence: devalue the currency further.


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