Reply #10: The powers that be

[lapfog_1]

just printed up $118 BILLION new dollars and handed it out to banks and such to keep them buying up new mortgages so that the US mortgage lending industry wouldn't implode more than it has.

ECB did $83 Billion
and the Fed did $19B followed by another $16B.

And the Fed, which just met to announce that it wouldn't lower interest rates, is rumored to announce a non-scheduled meeting in the next week or so to lower interest rates.

Happy days are here again! :sarcasm: :sarcasm: :sarcasm:

Expect core inflation rates to zoom!

http://money.cnn.com/2007/08/10/markets/markets_1030/index.htm?postversion=2007081011