Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
The Crash is past. Comes now Inflation. | 60 comments (60 topical, editorial, 0 hidden)
Re: The Crash is past. Comes now Inflation. (4.00 / 3)
The Federal Reserve's rescue has failed - Telegraph
The verdict is in. The Fed's emergency rate cuts in January have failed to halt the downward spiral towards a full-blown debt deflation. Much more drastic action will be needed.

Yields on two-year US Treasuries plummeted to 1.63pc on Friday in a flight to safety, foretelling financial winter.

The debt markets are freezing ever deeper, a full eight months into the crunch. Contagion is spreading into the safest pockets of the US credit universe.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Mon Mar 3rd, 2008 at 11:11:55 AM EST

Others have rated this comment as follows:

Carrie 4
kcurie 4
ChrisCook 4

The Crash is past. Comes now Inflation. | 60 comments (60 topical, 0 editorial, 0 hidden)
Display: