> > Shane Mage wrote: > > As far as I know, the Fed's discount window is still wide open. > > The banks can borrow as much--short term--as they want. > > So why the hysteria about the financial system "freezing up"? > > If banks don't lend to homeowners or consumers, that's not the cause of a > > depression. > > It's the result. > > The "fundamentals" are rotten. > > Solution (as always): Inflate, Inflate, and Inflate some more. >
all this inflation would probably have some consequence for bond yields ... best dd _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
