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  • #16
    Re: Up Good Down Bad Up Bad Down Good

    Originally posted by Finster
    For sure, if the action of the past couple days is any indication, we may be into it already. Even to a non-CB guru like finster, it's still surprising that it is contemporaneous with that high-powered liquidity injection.

    Even more striking is that that liquidity surge comes at a time when liquidity has become a buzzword in the financial media and the Fed so openly frets about inflation. What are they thinking? Widespread media coverage of something it supposed to mark a peak, right? And yet the Fed is stomping on the accelerator even harder?

    Is it well into squandering-its-precious-credibility mode here or what?

    Moved to a new thread in my new handy dandy "Bart's Comments" section:
    The Fed & Treasury interventions, and US stock markets
    http://www.NowAndTheFuture.com

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