Morning Coffee: Central Bank Big Day
(Stocks in this article: NYSE: SPY, NYSE: DIA, Nasdaq: QQQQ, NYSE: TT, NYSE: IR, NYSE: GRP, NYSE: NOV, NYSE: LTR, NYSE: BRK.A, NYSE: BRK.B, NYSE: F, NYSE: TTM, NYSE: AOC)
It's the big day. The first of the united central bank efforts debuts today. The Fed is auctioning $20 billion of term funds in this first round of action. The earth did not shake, and even the Libor didn't move much... However, The Greek believes the government gets the gravity of the situation and is otherwise rightly targeting the underlying collateral and remediating the problem at its root. However, the degree of assistance might need adjustment higher before it's all said and done. Is that bailout? Yes. Is it necessary to avoid financial cataclysm. Yes. So, would you rather have a free market collapse or a bit of socialist medicine for capital market revival? I know what I want for Christmas. Today's copy is abbreviated.
It's the big day. The first of the united central bank efforts debuts today. The Fed is auctioning $20 billion of term funds in this first round of action. The earth did not shake, and even the Libor didn't move much... However, The Greek believes the government gets the gravity of the situation and is otherwise rightly targeting the underlying collateral and remediating the problem at its root. However, the degree of assistance might need adjustment higher before it's all said and done. Is that bailout? Yes. Is it necessary to avoid financial cataclysm. Yes. So, would you rather have a free market collapse or a bit of socialist medicine for capital market revival? I know what I want for Christmas. Today's copy is abbreviated.
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