Archive for December 24th, 2008
The New York Times is out with a report that the Fed has approved GMAC’s application to become a bank. So you can add several more billion dollars to the Detroit bailout commitment as GMAC will now be able to tap the TARP. The anomalies just keep getting stranger and stranger as this moves on. [...]
Here’s a tutorial on quantitative easing with a nice ending. Quantitative easing from Marketplace on Vimeo.
Here are a few business news items for your review and immediate discard from your mind as you move onto much more joyous thoughts over the next few days. Core inflation slowed to 1.9% in November. The recent peak was 2.4% in July. Actually, this drop was somewhat on the positive side as the components didn’t show any [...]