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Ambrose Evans-Pritchard
http://www.telegraph.co.uk/money/mai...ccrisis123.xml
is AE-P
exp(doomer)
or
(doomer)^N
York professor Peter Spencer, chief economist ... says they have just weeks to get this right, or trigger disaster ... We are long past worrying about moral hazard ... 1929 look like a walk in the park
Quietly, insiders are perusing an obscure paper by Fed staffers David Small and Jim Clouse .... what can be done under the Federal Reserve Act when all else fails ... A vote by five governors can - in "exigent circumstances" - authorise the bank to lend money to anybody, and take upon itself the credit risk
http://www.telegraph.co.uk/money/mai...ccrisis123.xml
is AE-P
exp(doomer)
or
(doomer)^N
York professor Peter Spencer, chief economist ... says they have just weeks to get this right, or trigger disaster ... We are long past worrying about moral hazard ... 1929 look like a walk in the park
Quietly, insiders are perusing an obscure paper by Fed staffers David Small and Jim Clouse .... what can be done under the Federal Reserve Act when all else fails ... A vote by five governors can - in "exigent circumstances" - authorise the bank to lend money to anybody, and take upon itself the credit risk
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