some links to ponder
Japanese economists think maybe US Treasury should issue some bonds in yen - takes out some of the uncertainty, just in case the dollar were to slip a bit...
Fed capitulates - the new buzzword is "quantitative easing" - or "going fiscal" as they say.
Systemic Risk - trade and contagion - it is not just Iceland who can't get their dry goods shipped - letters of credit are not being accepted and trade is halting. Back to barter for everyone.
Liquidity Lift for Student Loans - DoE to purchase student loans back to 2003 to try to keep market liquid.
Maybe a miracle will happen...
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