November 23, 2007
I’ve labeled this *the yikes spiral* because typically this happens when certain markets are in free fall. The most often example occurs when a company runs into trouble and may need to contemplate bankruptcy. It’s a sad event, because people are losing money, and jobs may also be lost in the process, but it’s also [...]
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August 20, 2007
Market bottom? Probably not. But the Federal Reserve is awake. The Fed stepped in a week ago, and injected liquidity in the financial system. But wait: they didn’t buy Treasury Bills (like they often do). They bought mortgage-backed securities. Weird. Look, the Fed made “emergency moves” in the midst of a currency crisis and the [...]
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