- From PIMCO's Bill Gross: Nothing to Fear but McFear Itself
[The Fed] must also take another bold step: outright purchases of commercial paper. They should also cut interest rates to 1%, because we are experiencing asset deflation, and the threat of headline inflation is long past.
From CalculatedRisk : Possible G8 and Fed Action, Oct 6, 2008 9:24 pm
- MarketWatch is reporting: France said to seek emergency G8 meeting
France is proposing through diplomatic channels that the Group of Eight industrialized nations hold an emergency summit to contain the U.S.-triggered financial crisis, according to a published report.
In an unsourced article dated Tuesday, Japanese business daily Nikkei reported on its Web site from Tokyo that the Group of Seven finance ministers and central bankers are likely to talk about holding an emergency meeting when they meet in Washington as early as Friday.
Also Reuters reported: Fed, Treasury mulling commercial paper support
Among steps under consideration would be funding a special purpose vehicle as opposed to outright purchase of commercial paper ... Aiding the commercial paper market may test the limits of the Fed's authority because of the possibility of losses.
Apparently CNBC's Steve Leisman reported (I didn't see it) that the Fed might announce tomorrow morning some sort of program to buy commercial paper.
Related Posts :
- 30 Year Treasuries Below 4%
- Dow falls below 10,000: What's next?
- Long Bonds, Short Equities
- Fed Boosts Cash Auctions to $900 Billion, May Do More
- The Fed Looks at Cutting Rates
This is generally never true. Before buying or selling any stock you should do your own research and reach your own conclusion. See my Disclaimer on the bottom for more information.
You are welcome to republish this article, or any portion thereof.
Please, cite the actual/original source. I would be grateful if you could link back.
No comments:
Post a Comment