Big Rally Sparked By Fed’s (Indirect) Bailout of European Banks

On December 1, 2011, in Economic Commentary, Market Perspective, by admin

Policy Makers’ Attempt to Stave off European Depression Reminiscent of Fall, 2008 Stimulus Widely Credited with Staving off US Depression November 30, 2011 1.             In a move reminiscent of the Fed’s contribution to the 2008 U.S. Bailout, dollars are being printed to provide emergency funds via the ECB to major European Banks. This, combined with this [...]