Where Was This Yesterday?
Posted by David Gaffen
The market is hopping today, reacting to news that the Federal Reserve, in concert with several other major central banks, plans on flooding the market with liquidity to address the problems in the financial system, the problems that have resulted in credit spreads completely out of whack despite a steady effort to lower interest rates....
Or, as FINTAG put it:
What to do with the liquidity?
HEDGE FUND SET TO TAKE OVER BRITISH SOCCER CLUBFrom FinAlternatives
HT: FINTAG
(which isn't "Day's End" in Strasbourg)
