From Charles Hugh Smith…
The Fed has galloped into a box canyon with no escape; no matter what it does, QE3 will “disppoint” the markets.
I think we can safely predict that “Quantitative Easing 3” (the next round of fiat money creation) will “d…
The Treasury began to pay off the weekly $25 billion in SFP CMBs this week resulting in a net paydown of $12 billion at Thursday’s…
This is economic vandalism.
QuoteInstead of threatening others, the US should put its own house in order. The Federal Reserve helped cause the mess we are in and is now sowing the seeds for the next crisis. Having wrecked the US economy by encourag…
Goldman Sachs, Morgan Stanley Split on Junk as Prices Soar: Credit Markets
By John Detrixhe – Sep 23, 2010 5:59 AM ET
Morgan Stanley says investors should buy the lowest-rated corporate debt, while Goldman Sachs Group Inc. says stay away, underscorin…
In a review of the commercial paper and money fund data we saw evidence of a stall in the explosive rate of transfer of assets…
