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Cher Ketayun,
Merci beaucoup pour la vidéo. C'est
plus précieuse. [Thanks very much for the video clip. It is most
precious.]
On a more serious note, I would note that
the Fed has intervened in the financial markets which I understand to be
uncharacteristic and rare, if not unparalleled as to the extent and
aggressiveness of the intervention.
Every action has consequences which may be
both immediate and foreseen, and more distant and less apparent.
Obviously, the Fed has avoided an immediate melt down of the markets, although I
do not sense that the bear market channel has been broken by today's market
activity.
I would be most interested in any comments
or commentary touching upon the less apparent more distant effects of the
actions of the Fed, including the aggressive reduction of interest rates, but
also what I understand to be the aggressive extension of the credit of the
United States of America to investment banks and brokers.
How far can the Fed (and the US Treasury) go
in backstopping market participants before there is a deleterious effect upon
currency exchange rates or inflation?
Tony
Anthony W. Pylypuk
Barrister
& Solicitor
80 King Street, Box 605
Welland, Ontario
L3B 5R4
Office / Bureau: 905 735 2300
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Superb video--Listen to
the song. 4 minute clip.
![]() About This Video
Columbia Business
School's Dean Glenn Hubbard s...
(more)
Added: April 27, 2006
Columbia Business
School's Dean Glenn Hubbard sings about wanting Alan Greenspan's job
that went instead to New Fed Chair Ben
Bernanke |
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