Monday, June 23, 2008

The Fed, Between a Rock and a Hard Place

Much of this money has been created in the form of credit to either grease the wheels of our ‘borrow and spend’ economy or provide vehicles to allow banks to offload worthless assets onto the Federal Reserve to prevent insolvency. This translating into higher prices across the full spectrum of goods.

read more | digg story

No comments:

11-5-2024

  LIVE FINAL RALLIES: KAMALA PHILLY... DONALD GRAND RAPIDS... NEW HAMPSHIRE SHOCK POLL: HARRIS +28... 3-3: Dixville Notch Splits... RECORD 7...