WASHINGTON — The Federal Reserve is taking new steps to ease the credit crises, including increasing the amount of money it will auction to banks this month to $100 billion. Full Article at Atlanta Journal Constitution
Related Quotes
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The underlying trends are horrible, with worse to come
SOURCE: Mail & Guardian Online -
Recessions are things that are declared by other people
SOURCE: Mail & Guardian Online -
There is a growing sense that the Fed is trying to pull out all the stops and use all the tools they have but with little net effect ... It just doesn't appear to be the quick-fix that investors had been hoping for. What we've seen is people continuing to press very bearish bets.
SOURCE: The Washington Post -
The question appears no longer to be are we going into a recession but how long and deep it will be
SOURCE: Mail & Guardian Online -
We believe that the steps we've taken, together with the actions taken by the Federal Reserve, will have a positive effect on our economy
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The trend for the last year and a half has been either job losses or very small gains. That is what you would expect in a contracting economy and we think the economy has been in a recession for two or three months
SOURCE: Houston Chronicle -
A lot of what we've done has been mostly just to offset the tightening of credit that has arisen because of the financial situation
SOURCE: The Washington Post -
There is a profound lack of understanding of markets and economies, and there is still persistent lingering faith that the authorities effectively have a magic wand they can wave to make everything fine ... Economies and markets do go down — particularly after a multi-decade credit boom.
SOURCE: Houston Chronicle -
They're recognizing that financial markets aren't functioning well, and that that creates risks to the real economy
SOURCE: The Washington Post -
You've now strung together three months in a row of private-sector job losses
SOURCE: The Washington Post
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