Reinko

“A Whiff of Panic...”

To: mmmparsley1

I am expecting more rate cuts but on how large they will be I have little clue. For myself I always used the FED flow of funds sheet to try and get a grip on the behavior of the FED and ECB. Until now this has worked fine.

Here is a link:
www.federalreserve.gov...

Here in Holland most banks and government folks do not understand how dire the situation is; for example I had to email our own central bank a few times before they got it.
The pattern is always the same: I email some central bank, for example our Dutch or the ECB and you always get an answer.
Then I keep on pushing with things like 'do you understand what will happen?' and then there is no answer anymore...

So all in all I think most (central) banks still have no clue but smart foreign investers might be better in understanding relity. And you are right; this might be a reason for buying at these levels.