Ali’s blog

Mostly quant stuff with occasional digressions

America’s recession

Posted by alifinmath on January 22, 2008

A well-argued piece on how the US recession will be tackled (I don’t necessarily agree with everything the writer says):

So do not be fooled by anybody who says that the central bank should cut interest rates for the benefit of innocent citizens who have been caught up in this maelstrom. The first, second and third beneficiaries of the Federal Reserve’s pending helicopter drop of cash will be banks, not ordinary people or companies.

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