Gottes Sohn Bush schenkt dem freien Markt wieder mal etwas Geld

Gottes Sohn Bush schenkt dem freien Markt wieder mal etwas Geld

am 08.01.2008 11:55:05 von rwien

;jsessionid=GVAAEORENQG21QFIQMFSFFWAVCBQ0IV0?xml=/money/2008 /01/07/ccview107.xml

"
Bush convenes Plunge Protection Team
By Ambrose Evans-Pritchard, International Business Editor

Bears beware. The New Deal of 2008 is in the works. The US Treasury is
about to shower households with rebate cheques to head off a full-blown
slump, and save the Bush presidency. On Friday, Mr Bush convened the
so-called Plunge Protection Team for its first known meeting in the Oval
Office. The black arts unit - officially the President's Working Group on
Financial Markets - was created after the 1987 crash.

It appears to have powers to support the markets in a crisis with a host
of instruments, mostly by through buying futures contracts on the stock
indexes (DOW, S&P 500, NASDAQ and Russell) and key credit levers. And it
has the means to fry "short" traders in the hottest of oils.

The team is led by Treasury chief Hank Paulson, ex-Goldman Sachs, a man
with a nose for market psychology, and includes Fed chairman Ben Bernanke
and the key exchange regulators.

Judging by a well-briefed report in the Washington Post, a mood of deep
alarm has taken hold in the upper echelons of the administration. 'What
everyone's looking at is what is the fastest way to get money out there,'
said a Bush aide.

Emergency measures are now clearly on the agenda, apparently consisting of
a mix of tax cuts for businesses and bungs for consumers. Fiscal action all
too appropriate, regrettably.

We face a version of Keynes's 'extreme liquidity preference' in the 1930s -
banks are hoarding money, and the main credit arteries of the financial
system remain blocked after five months.

....
"

Re: Gottes Sohn Bush schenkt dem freien Markt wieder mal etwas Geld

am 08.01.2008 13:30:14 von PokerKarte

On 8 Jan., 11:17, "R. Wien" <> wrote:
> ;jsessionid=3DGVAAEORENQG21Q...=

>
> "
> Bush convenes Plunge Protection Team
> By Ambrose Evans-Pritchard, International Business Editor
>
> Bears beware. The New Deal of 2008 is in the works. The US Treasury is
> about to shower households with rebate cheques to head off a full-blown
> slump, and save the Bush presidency. On Friday, Mr Bush convened the
> so-called Plunge Protection Team for its first known meeting in the Oval
> Office. The black arts unit - officially the President's Working Group on
> Financial Markets - was created after the 1987 crash.
>
> ...
> "

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