How would the Dow Jones have done today if the Fed didn't inject $41billion into the...

...financial system?

http://uk.biz.yahoo.com/01112007/323/fed-intervenes-financial-system.html

Of course the article doesn't mention the inflationary aspects of such moves. It also fails to mention the effective pay cut US workers are experiencing with the lower dollar. Whatever. It doesn't seem to be working!

http://marketwatch.nytimes.com/custom/nyt-com/html-usmarkets-quote.asp?sid=1643&time=2dy&x=27&y=0

Minus 370+ with minutes to go...

Absent the interventions by the Fed, would you call our economy in recession, depression or just eff'ed up?

Same with these clowns who want to see a big money center bank fail because they "deserve it." They might deserve it, but the collateral damage is unacceptable.

And that many moons ago! I thought substantially lower dollar values and inflationary pressures would be bad enough. Credit markets freezing is worse? Can 'ya help a brother out and point me somewhere to read about it?

From big corporations who access the credit markets to issue bonds to people needing loans to buy a car or a house, which is just about everyone.

Companies that can't issue commerical paper may need to suspend operations. You can guess what that means for workers.

Individuals can't buy the house or the car because they need the loan to do so.

And interest rates on what *is* available explode across the board.

-

You do not want the credit markets to fail completely, which is what nearly happened in August when the fed and the Europeans dumped tremendous amounts of money into the system to prevent what, absent central banks, would have been a total meltdown.

This is Great Depression-grade stuff if you allow it to happen.

What wearies me more than the continued existence of the Fox network is the continual mantra of the "free market" as the reason the poor get poorer, our tax dollars are increasingly funneled into the overstuffed pockets of robber barons, and people are working longer hours and more efficiently for less money than ever.

If we're just going to say that overrich bastards can't take it in the financial shorts because the collateral damage is unacceptable, let's just rig the game outright, and stop all the nonsense about economics and markets and profits and losses. Let's bring back the lairds and the manses and the serfs and the divine right of kings and just be done with the whole goddamned mess. Because the deception and the subterfuge is just too much for me anymore.

Hell no consumers are tapped out. With the lower dollar that face which by the way mean inflation we will be really tapped out.

the market are happening left, right and centre. These people are completely for regulations and subsidies..if only for the sectors of market failure that affect them.

It's the myopia of these actions that's so troubling.

spending on programs usually does.

You're quite right, harlinchi. The warning signs are there and getting brighter every day, yet there seems to be a strong need to look the other way, on the part of people who should know better. I'm frankly mystified, and more than a little worried. Portent of darker days ahead, I'm afraid.

'Course I'm no economist! I didn't even stay in a Holiday Inn Express last night! I'm just wondering what they print on the back of paperbacks these days. I always remember the price listing as, e.g., $5.95 US, $7.95 CAN. That shouldn't be the case anymore, huh? I understand that we're at two pounds sterling to the US dollar! I guess troops in the UK will need food stamps soon!

Sorry, alliteration is one of my 'orrible 'abits.

Any sane economist is deeply concerned about the dollar, as it indicates a lack of world confidence in the American economy. Practically speaking, when I was in London in late '06 (a year ago this month, mind you) and paid 3 pounds for a tube ride, I thought, "Gee, I just paid $6 for the subway. In NYC it'd cost me $2."

It is only going to get worse. It's not ONLY Bush's fault? But fuck YEAH it's Bush's fault. You can only live in fantasy-land for so long.

People, we gotta lotta work to do. I imagine a good bit of it will be unpaid labor.

they will try to keep this ilusion going until 2009 though so they can blame the dems