Resolution Meeting - Fast Money Recap (9/18/08) [View article]
It seems that the Fed/Treasury which created these problems to begin with are finally doing something to stop the mark-to-market bleeding by taking on all paper instead of allowing the market to function. I suppose the paper will become valuable again once the underlying asset rises from the dead...getting the asset to appreciate has to be the next trick in the book and I cannot wait to see how that can happen without inflation raising its ugly head...getting M1 to start moving up so we can get the assets to start moving up is going to take a lot of creative effort and just how to get M1 moving again is another game.....Marvin the Maven
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It seems that the Fed/Treasury which created these problems to begin with are finally doing something to stop the mark-to-market bleeding by taking on all paper instead of allowing the market to function. I suppose the paper will become valuable again once the underlying asset rises from the dead...getting the asset to appreciate has to be the next trick in the book and I cannot wait to see how that can happen without inflation raising its ugly head...getting M1 to start moving up so we can get the assets to start moving up is going to take a lot of creative effort and just how to get M1 moving again is another game.....Marvin the Maven
Sep 19 00:13 am
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