US faces global funding crisis, warns Merrill Lynch

Telegraph (UK) ^ | Ambrose Evans-Pritchard

[Freedom_Is_Not_Free]

You are welcome. It is no fun but it is common sense and smart to save and scale back and keep your money safe if you are expecting tough times. You are smart. Once this blows over, eventually, down the road, there will be a time for aggressive investing once again and for playing with a chunk of the fun money. Times are just too uncertain to guess wrong, go deep in debt or blow all your savings, and rely on hope alone to weather a possible financial crisis in your life.

[ghostrider]

...I can’t see any benefit it has had to prevent the eventual deflation we are heading to. He likely delayed it, but I’m not seeing it prevented.

Ah, but you are looking for Economic logic in a purely political decision made by filthy politicians. They are just playing politics and trying to delay the pain until after the elections.

[Freedom_Is_Not_Free]

Anybody at all? Can ANYBODY tell me the tangible benefit of 2.0% toward ending the liquidity crisis and restoring insolvent banks? Anybody? I know it gave speculators more money to buy gold stocks and oil stocks? But what good has it done to fix the systemic crisis that is worsening on a daily basis?

Anyone?

*** Crickets chirping in the heat of a still night as a pin strikes the tile floor with a resounding PING!... ***