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Precarious indeed.
The Fed is doing their best to dump money into the system, but if the
banks aren't lending and fewer people are borrowing, it's like pushing
on a string.
It highlights that the Fed really does not have as much power to
influence the market as the economists like to think.
From: EAdamy <eadamy@xxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx
Date: Saturday, December 1, 2007, 12:48:13 PM
Subject: [RT] Fw: 12/1 Report
With banking system imploding, bankers are raising cash and not
lending it out. This has to drive liquidity down no matter what the
Fed does. Fed is trying to restart banking system so that the banking
system will restore liquidity. The whole thing is very precarious.
Earl
From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Ben
Sent: Saturday, December 01, 2007 12:34 PM
To: Elizabeth (E-mail); Vincent DONOVAN (E-mail); panda2222@xxxxxxxxxxxxx
Cc: e-mini_traders_anon@xxxxxxxxxxxxxxx; realtraders@xxxxxxxxxxxxxxx; astrofin@xxxxxxxxxxxxxxx
Subject: [RT] Fw: 12/1 Report
look at the chart of money supply
Bernanky is saying one think to public ,,but in reality ,supply LESS liqidity to banks,
maybe this is why citi had to go elsewere for funds,
this does not look good for market
Ben
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