"IN A dram move that took markets by surprise, the US Federal Reserve
announced last night it would buy $300 billion in long-term treasury
securities and another $850 billion of mortgage-backed securities issued by
nationalised financial institutions Fannie Mae and Freddie Mac."
The above report is evidence as to how desperate the downward economic
spiral is. It is obvious that this massive injection of money into the
economy by the Fed is an admission that the other measures it has taken are
not working.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment