Thursday, August 16, 2007

Reservists Called to Task for Market Drop

I could have sworn I railed a week ago that pumping seventy billion dollars into the credit industry would hurt more than help. And here we see it in action. The stock market is still panicking.

If they use their previous logic, the Federal Reserve and ECB should inject more money into the system to quell the growing investor concerns. That money's not doing anything anyway, besides sitting on some shelf, losing value. It should get some exercise outside in the fresh air. Stretch its legs and do a little work, like alleviating market woes. Oh, wait, that didn't work.


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