Martin would be proud. European markets surge as U.S. Federal Reserve announces plans to support the global financial system. via CNN
I just glanced at a quick article that was short on details but I don't see how this make sense for us. I mean I know we're in a "global" economy where we are affected by other countries and their economies but this seems like it's taking things to a whole new level. I need to read a bit more on it but right now me no likey
It wasn't just the Fed. It was a coordinated effort by all of the major central banks to give some fluidity to the global financial systems.
Without knowing the detail your statement is rather broad. That could mean we are providing 99% of the "fluidity".
Did you the article you cited? There are a number of large international banks that are lowering interest on loans to the Eurozone by 1 half of 1 percent. The Stock Market soared 400 points on that news today. Nobody is "bailing out" anybody with cash donations. The idea is to get more dollars circulating so that European banks can service loans to customers who deal in dollars.
