When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Tuesday, August 9, 2011

Government money is no good in today's stressed environment

Why This Crisis Is Different From the 2008 Financial Crisis - WSJ.com: ". . . current clamor for intervention by the monetary authorities—be it in the form of more liquidity injections (or 'QE3') by the Fed or the European Central Bank.
So 2008.
Even if the central banks were inclined that way, pumping more money into an economy already flush with cash would provide little solace."

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The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects