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To: MythMan who wrote (384084)	4/13/2009 8:39:49 PM
From: Real Man	Respond to of 436258

What the Fed has done will do some serious damage, and there are no signs whatsoever they are done yet.

To: MythMan who wrote (384084)	4/14/2009 1:21:38 AM
From: Real Man	Respond to of 436258

Yes, we are. I call this "Banana Republic" rally. Wikipedia has a nice summary for you -g- Message 25566803 FWIW, this is the worst possible outcome, the GD was peanuts in comparison. The Europeans know stuff when they call it "the road to Hell". Stocks go up thou, simply cause they are pieces of paper worth more than the currency pieces of paper. -g- The pledge was to print 1.2 Trillion dollars, if I remember correctly, as compared with 800 billion or so monetary base before the crisis hit. I am pretty sure this is not the final number, i.e., it will get major upward revisions. At first the Fed attempted to shuffle debt, which, predictably, did not lead to sustained rally. Now they are doing their real job - creating dollars. We are so scared of "deflation" (read: "bubble collapse"), we are hyperinflating like there is no tomorrow...