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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (17067)1/31/2009 6:53:45 PM
From: Real Man  Respond to of 71454
 
No. Ben was "experimenting" with negative rates (meaning
to ease) and drastically tightened monetary policy in the
process, as this trillion in bank reserves with the Fed came
back from the real economy. Adjusted base spiked. Adjusted
for bank reserves. Plain ole screw-up. He printed some,
of course, but much less than a trillion. The effect
was as if he shoved a trillion back into the printing
press. -g-



To: ggersh who wrote (17067)1/31/2009 7:19:19 PM
From: Real Man  Read Replies (1) | Respond to of 71454
 
A little education for me. You and me both read all kind
of crap on these blogs, etc. Wiki articles are usually written
by the experts. Goes a long way to explain both

1) a sudden dollar spike
2) the huge credit crisis and shortage of dollars in October

5 bln. evaporating in LEH CDS was not enough to cause such
sudden melt.


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