Dave I predicted this would happen because I read alot of Bernanke’s depression related papers.. He said he would purchase sovereign bonds if needed… Print baby print… LOLL
Information received since the Federal Open Market Committee met in January indicates that the economy continues to contract. Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending. Weaker sales prospects and difficulties in obtaining credit have led businesses to cut back on inventories and fixed investment. U.S. exports have slumped as a number of major trading partners have also fallen into recession. Although the near term economic outlook is weak, the Committee anticipates that policy actions to stabilize financial markets and institutions, together with fiscal and monetary stimulus, will contribute to a gradual resumption of sustainable economic growth.
Translation: We are F***** ourselves to death! There is a massive hole in the Mutant Asset Bubble and we will take all steps to stop the leakage of radiation including but not limited to putting us into a deep Depression.
To provide greater support to mortgage lending and housing markets, the Committee decided today to increase the size of the Federal Reserve’s balance sheet further by purchasing up to an additional $750 billion of agency mortgage-backed securities, bringing its total purchases of these securities to up to $1.25 trillion this year, and to increase its purchases of agency debt this year by up to $100 billion to a total of up to $200 billion. Moreover, to help improve conditions in private credit markets the Committee decided to purchase up to $300 billion of longer-term Treasury securities over the next six months.
To provide greater support to mortgage lending and housing markets, the Committee decided today to increase the size of the packages of Skittles and Unicorns for people to play with.
We are toast and now you can start talking about Cats, Poop and Dildos..
Who needs the Housewives of NYC? BRG and Biff are whooping 11217’s ass in the COTD thread over her/his incessant park slope cheering! I’m waiting to see if they start dance-fighting a-la the Michael Jackson ‘Bad’ video 🙂
Bethany- whatever. Seriously, why would you want to date her? That would get so old after a while. “I’m successful, I’m busy, I’m independent, I have famous friends, I need the spotlight, whah, whah, whah!” I’m not saying in any way shape or formt hat The c untess (oops forgot the “o”)is right but B does need to slow her roll just a tiny bit. That date was doomed from the start.
The c untess is atrocious (. Seriously, she needs to get a grip. Simon and Alex are beyond funny. Are they just on some hallucinogen? I mean, they are just normal right. They’re not society. Why can’t they be happy for what they have and stop trying to be the Astors. As far as their living arrangements go isn’t he the manager/owner or something of the hotel Chandler? can’t they get a suite there for a bit?
mortgage rates are going to drop dramatically in the next few days.
Kelly who? ; )
Hallucinogenics! That’s it! Brilliant THL! Excellent point about the hotel…it’s so obvious. If not for free at least with a steep discount – right?
I loved the backyard chairs in the livingroom – are they clean? And Alex goes to grab the paper towels… it’s too bizarre for words!
Gemini:
http://money.cnn.com/2009/03/18/markets/bondcenter/credit_market/?postversion=2009031813
Dave I predicted this would happen because I read alot of Bernanke’s depression related papers.. He said he would purchase sovereign bonds if needed… Print baby print… LOLL
This will not end well…
U.S. Federal Open Market Committee March 18 Statement: Text
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1FVtsNyCyPU&refer=home
Information received since the Federal Open Market Committee met in January indicates that the economy continues to contract. Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending. Weaker sales prospects and difficulties in obtaining credit have led businesses to cut back on inventories and fixed investment. U.S. exports have slumped as a number of major trading partners have also fallen into recession. Although the near term economic outlook is weak, the Committee anticipates that policy actions to stabilize financial markets and institutions, together with fiscal and monetary stimulus, will contribute to a gradual resumption of sustainable economic growth.
Translation: We are F***** ourselves to death! There is a massive hole in the Mutant Asset Bubble and we will take all steps to stop the leakage of radiation including but not limited to putting us into a deep Depression.
To provide greater support to mortgage lending and housing markets, the Committee decided today to increase the size of the Federal Reserve’s balance sheet further by purchasing up to an additional $750 billion of agency mortgage-backed securities, bringing its total purchases of these securities to up to $1.25 trillion this year, and to increase its purchases of agency debt this year by up to $100 billion to a total of up to $200 billion. Moreover, to help improve conditions in private credit markets the Committee decided to purchase up to $300 billion of longer-term Treasury securities over the next six months.
To provide greater support to mortgage lending and housing markets, the Committee decided today to increase the size of the packages of Skittles and Unicorns for people to play with.
We are toast and now you can start talking about Cats, Poop and Dildos..
The What
Someday this war is gonna end….
DIBS – what do you mean, do you mean mortgage rates are doing down??
Who needs the Housewives of NYC? BRG and Biff are whooping 11217’s ass in the COTD thread over her/his incessant park slope cheering! I’m waiting to see if they start dance-fighting a-la the Michael Jackson ‘Bad’ video 🙂
Jill is hysterical.
Bethany- whatever. Seriously, why would you want to date her? That would get so old after a while. “I’m successful, I’m busy, I’m independent, I have famous friends, I need the spotlight, whah, whah, whah!” I’m not saying in any way shape or formt hat The c untess (oops forgot the “o”)is right but B does need to slow her roll just a tiny bit. That date was doomed from the start.
The c untess is atrocious (. Seriously, she needs to get a grip. Simon and Alex are beyond funny. Are they just on some hallucinogen? I mean, they are just normal right. They’re not society. Why can’t they be happy for what they have and stop trying to be the Astors. As far as their living arrangements go isn’t he the manager/owner or something of the hotel Chandler? can’t they get a suite there for a bit?
Kelly, go away you bore me.
kk Dave…I likely misremembered the country, it was 2004 I believe.