Actual situation evokes me Alice Cooper's "Black widow". Injections, rate cut, freeze of subprime-mortgage rates, rate cut, four-sides joint pipe-line for further infusions ... For those who did not yet take Fed and central banks' messages I translate them into a normal language:
WELCOME TO WORLD CRISIS !
And what we saw last 2-3 months were just flowers, berries are ahead. And don't ask me why "Black widow", just look at credit risk exposure of US core financial institutes. The situation in Europe is quite similar: Close to money panic
WELCOME TO WORLD CRISIS !
And what we saw last 2-3 months were just flowers, berries are ahead. And don't ask me why "Black widow", just look at credit risk exposure of US core financial institutes. The situation in Europe is quite similar: Close to money panic