Stocks rise on Fed lifeline to Wall St. ($200 Billion to be pumped into financial markets)

AP on Yahoo ^ | 3/11/08 | Joe Del Bruno - ap

[NormsRevenge]

The printing presses are in high gear even as we await our rebate checks ... and we still have another stimulus package in the works in Congre$$ aimed more at business and not the individual taxpayer.

[NormsRevenge]

The Fed — acting in concert with the European Central Bank, the Bank of Canada and the Swiss National Bank ..

ya got to love it.. arm in arm , we will beat this bump on the economic yellow road to the future... and continue to spend&borrow ourselves into oblivion.

[GOPJ]

...Federal Reserve and other central banks said they will pump $200 billion into the financial markets

As Huckabee would say - we're going to borrow money from the Chinese to give money to Americans to buy Chinese goods...

[stylin19a]

keep pumping in more money and soon SS will be fixed

[RightWhale]

If the $200 billion is working, it has the DJIA almost back to where it was when Pelosi took over the House. Nice ride.

[Zevonismymuse]

I think the stock market is reacting to Spitzer’s downfall.

[Zuben Elgenubi]

Norm, a month ago the Wall Street Journal had a Saturday article dealing with the subprime credit mess. At that time, they had a scale in the article that put the damage at $105 billion dollars globally. Since then, subsequent articles about the subprime mortgage mess have steadily risen to estimate the mess at $200B. I was speaking to one of my friends who is a career investment banker. He says it's probably closer to $500B but the Fed will announce in increments. This affects nearly every bank in the West and a lot of sovereign funds (from the middle east and Asia) are investing in these entities.

However, I'm sure we'll weather the storm and expand our economy. The world depends upon it.

[kellynla]

“As Huckabee would say - we’re going to borrow money from the Chinese to give money to Americans to buy Chinese goods.”

Lenin’s “sell them enough rope and capitalists will hang themselves” theory was incomplete. As China may have figured out, you have to sell them the rope on credit to really hang the little piggies high.
The Auerbach Report
9/13/2003

[CDHart]

Isn't this going to cause more inflation?

Carolyn

[Red in Blue PA]

I don’t think the question is if, but rather when.

[oblomov]

It is equivalent to inflation by Milton Friedman’s definition of that term.

[LambSlave]

Federal Laundromat open for business. Give us your rapidly devaluing loans, we’ll give you more slowly devaluing cash. Come back in twenty-eight days, and they’ll be good as new (wink, wink).

[Dixie Yooper]

The Mexican Peso is getting stronger.

[ASOC]

It will drive the value of the dollar even further into the can.

Bush has dumped over a trillion (1K Billion) over the last 4+ years into world markets...no wonder toilet paper is more valuable.

[CDHart]

My mother is scared to death about what's going to happen to her money. She lives off the interest, and social security and a VA pension. She's thinking about leaving it to all of us now rather than waiting, as it will be worth less in the future. Or she's afraid she's going to lose it all as many did in Russia when the Soviet Union collapsed. I have no idea what to tell her.

Carolyn

[Moonman62]

This is a temporary measure that will do no better than postpone the problem. Fannie and Freddie can't even recover the stock price losses from yesterday, much less the past few months.

The Fed needs to go ahead and lower rates so the rest of the economy can get going while the financials correct.

[sanjuanbob]

Put 50% of it in gold.

[unixfox]

Not to worry. THIS time it WILL work. /sarc

[CDHart]

I thought about that, but she's scared of gold also.

Carolyn

[ASOC]

Check ur FRmail