The Fed 3/18/2009 15:16
This will be a day recorded in history book.

Really want to see the reaction from Chinese government. The biggest debt bag holder got robbed. This is almost predictable.

Welcome to depression II.

祝你好运 祝你好运 祝你好运
It will be weimar republic of Germany II, worse than Depression!
三石 at 3/18/2009 15:25 快速引用
有谁看过Fed的资金情况?
rogerlee at 3/18/2009 16:15 快速引用
中国显然早就预计到这么一天了,而且也在想办法。所以最近在试图大买石油矿山啊

顺便转贴一篇:
http://www.atimes.com/atimes/China_Business/KC17Cb03.html

With regard to whether Chinese advisors and experts think the US government is creating a dangerous and unstable Treasuries bubble, note this statement:

"Buying US government bonds amid an economic downturn, [a purchase] that is not based on the sound performance of the US economy itself, indicates a huge bubble," said Zuo Xiaolei, chief economist of China Galaxy Securities. [italics added]
Chinese officials express mounting alarm at the likely negative near-to-medium term effects upon the dollar, and upon their huge reserves, of the spend-spend-spend policy emanating from Washington:

The huge deficit would not immediately lead to inflation, since banks were likely to curb lending as the financial system remained weak, Zuo said. "It might be two or three years before the huge deficit leads to serious inflation." Analysts noted that if the stimulus plan didn't accomplish its goal of restarting growth, the US government would have to ease its large fiscal burden by borrowing more and issuing more dollars, instead of relying on economic growth.
Huge Treasury bond issues would exacerbate the depreciation of the US dollar and world wealth. Such developments would be more catastrophic than the global financial crisis, according to Zhang Yansheng, head of the International Economic Research Institute under the National Development and Reform Commission, the chief economic planning body in China.

A weaker US dollar would hurt that currency's international status, he said, which would "not be in the interests of the United States and other countries and would exacerbate the crisis." Said Zuo: "US dollar depreciation is inevitable in the long run. China should prepare and reduce its holdings of US Treasuries to a proper size."
Hubert at 3/18/2009 16:19 快速引用
It is reported weekly on Fed's website.

rogerlee :
有谁看过Fed的资金情况?
xiaoqiang at 3/18/2009 16:22 快速引用
It is too late.

Hubert :
中国显然早就预计到这么一天了,而且也在想办法。所以最近在试图大买石油矿山啊

顺便转贴一篇:
http://www.atimes.com/atimes/China_Business/KC17Cb03.html

With regard to whether Chinese advisors and experts think the US government is creating a dangerous and unstable Treasuries bubble, note this statement:

"Buying US government bonds amid an economic downturn, [a purchase] that is not based on the sound performance of the US economy itself, indicates a huge bubble," said Zuo Xiaolei, chief economist of China Galaxy Securities. [italics added]
Chinese officials express mounting alarm at the likely negative near-to-medium term effects upon the dollar, and upon their huge reserves, of the spend-spend-spend policy emanating from Washington:

The huge deficit would not immediately lead to inflation, since banks were likely to curb lending as the financial system remained weak, Zuo said. "It might be two or three years before the huge deficit leads to serious inflation." Analysts noted that if the stimulus plan didn't accomplish its goal of restarting growth, the US government would have to ease its large fiscal burden by borrowing more and issuing more dollars, instead of relying on economic growth.
Huge Treasury bond issues would exacerbate the depreciation of the US dollar and world wealth. Such developments would be more catastrophic than the global financial crisis, according to Zhang Yansheng, head of the International Economic Research Institute under the National Development and Reform Commission, the chief economic planning body in China.

A weaker US dollar would hurt that currency's international status, he said, which would "not be in the interests of the United States and other countries and would exacerbate the crisis." Said Zuo: "US dollar depreciation is inevitable in the long run. China should prepare and reduce its holdings of US Treasuries to a proper size."
xiaoqiang at 3/18/2009 16:22 快速引用
The funny thing about the Fed's movement is that it is almost always predictable. You thought the easiest way to get out of the debt would be inflation, and bingo, here it comes the inflation. 狂笑

Professor Ben is running out of ideas. This is effectively a tax increase on the (still majority?) part of the Americans who have not been living above their means up to now.
xiaoqiang at 3/18/2009 16:31 快速引用
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