Everyone hates CEOs - | rabble.ca

Doug

rabble-rouser-supreme

Member: 1044

Joined: Apr 17 2001

March 18, 2009 - 3:49pm

#1

Everyone hates CEOs - amusing

Also some fairly big news out of the US - the Federal Reserve is going to start buying treasury bills - $300 billion worth this year. This essentially amounts to the US government printing that amount of money to spend rather than borrowing it. It speaks to the concern that must exist about deflation and might also be intended to further devalue the dollar now there's no way to reduce interest rates to accomplish that.

http://money.cnn.com/2009/03/18/news/economy/fed_decision/index.htm

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