SlideShare a Scribd company logo
The Queen and Uncle Sam to the Rescue

By Mohit Satyanand

7 August 7, 2009




I have an early morning call for a play a group of us do for schools, so I'll keep this brief:

- yesterday, the Bank of Englasnd surprised makrets by announcing an extension of its
"Quantitative Easing" program, a facility by which it buys bonds directly from the market, hoping
to lifting the pressure on banks burdened by their own stretched balance sheets. The scheme,
worth 50 billion pounds, lifted bond prices, but drove the pound down.

- in the US, home prices stay stubbornly down, despite the willingness of housing finance
agencies to lend upto 125% of home prices. Remember, that credit on easy terms was one of the
culprits of the current financial crisis, for which greedy lenders were blamed. Now that
government agencies are offering over-generous terms, I guess this is benevolent. Be that as it
may, news comes in that one of these agencies, Fannie Mae, is going to require another round of
federal support, of, oh, only 10 odd billion dollars.

I don't know where all this is going to end, but I doubt it's going to be one of those "Happily Ever
After" endings.

More Related Content

Viewers also liked

Abb whitepaper final 022316 integrating renewables into microgrids
Abb whitepaper final 022316 integrating renewables into microgridsAbb whitepaper final 022316 integrating renewables into microgrids
Abb whitepaper final 022316 integrating renewables into microgrids
Steve Wittrig
 
What Pilots See
What Pilots SeeWhat Pilots See
What Pilots See
Joke Channel
 
SIMULATION OF MEMS MICROHOTPLATE FOR METAL OXIDE GAS SENSORS: REVIEW
SIMULATION OF MEMS MICROHOTPLATE FOR METAL OXIDE GAS SENSORS: REVIEWSIMULATION OF MEMS MICROHOTPLATE FOR METAL OXIDE GAS SENSORS: REVIEW
SIMULATION OF MEMS MICROHOTPLATE FOR METAL OXIDE GAS SENSORS: REVIEW
IJEEE
 
6 sigma
6 sigma6 sigma
6 sigma
Shabbar Ali
 
L’administration peut-elle rejeter des frais déraisonnables ?
L’administration peut-elle rejeter des frais déraisonnables ?L’administration peut-elle rejeter des frais déraisonnables ?
L’administration peut-elle rejeter des frais déraisonnables ?
Jérôme Havet
 
Efficacy of anti malarial drugs in afghanistan 2
Efficacy of anti malarial drugs in afghanistan 2Efficacy of anti malarial drugs in afghanistan 2
Efficacy of anti malarial drugs in afghanistan 2
Najibullah Safi
 
Test de haptoglobina
Test de haptoglobinaTest de haptoglobina
Test de haptoglobina
Rodrigo Vargas
 
Enfermedad renal crónica: diagnostico, clasificacion y progresión.
Enfermedad renal crónica: diagnostico, clasificacion y progresión.Enfermedad renal crónica: diagnostico, clasificacion y progresión.
Enfermedad renal crónica: diagnostico, clasificacion y progresión.
csjesusmarin
 

Viewers also liked (8)

Abb whitepaper final 022316 integrating renewables into microgrids
Abb whitepaper final 022316 integrating renewables into microgridsAbb whitepaper final 022316 integrating renewables into microgrids
Abb whitepaper final 022316 integrating renewables into microgrids
 
What Pilots See
What Pilots SeeWhat Pilots See
What Pilots See
 
SIMULATION OF MEMS MICROHOTPLATE FOR METAL OXIDE GAS SENSORS: REVIEW
SIMULATION OF MEMS MICROHOTPLATE FOR METAL OXIDE GAS SENSORS: REVIEWSIMULATION OF MEMS MICROHOTPLATE FOR METAL OXIDE GAS SENSORS: REVIEW
SIMULATION OF MEMS MICROHOTPLATE FOR METAL OXIDE GAS SENSORS: REVIEW
 
6 sigma
6 sigma6 sigma
6 sigma
 
L’administration peut-elle rejeter des frais déraisonnables ?
L’administration peut-elle rejeter des frais déraisonnables ?L’administration peut-elle rejeter des frais déraisonnables ?
L’administration peut-elle rejeter des frais déraisonnables ?
 
Efficacy of anti malarial drugs in afghanistan 2
Efficacy of anti malarial drugs in afghanistan 2Efficacy of anti malarial drugs in afghanistan 2
Efficacy of anti malarial drugs in afghanistan 2
 
Test de haptoglobina
Test de haptoglobinaTest de haptoglobina
Test de haptoglobina
 
Enfermedad renal crónica: diagnostico, clasificacion y progresión.
Enfermedad renal crónica: diagnostico, clasificacion y progresión.Enfermedad renal crónica: diagnostico, clasificacion y progresión.
Enfermedad renal crónica: diagnostico, clasificacion y progresión.
 

Similar to The Queen and Uncle Sam to the Rescue

Why the economy will collapse
Why the economy will collapseWhy the economy will collapse
Why the economy will collapse
Sachin Nandha
 
Recession XL / DC MoneyShow / Nov 6 08
Recession XL / DC MoneyShow / Nov 6 08Recession XL / DC MoneyShow / Nov 6 08
Recession XL / DC MoneyShow / Nov 6 08
Jon Markman
 
Global Recession?
Global Recession?Global Recession?
Global Recession?
Chris Keller
 
Subprime Mortgage Crisis Powerpoint Presentation Slides
Subprime Mortgage Crisis Powerpoint Presentation SlidesSubprime Mortgage Crisis Powerpoint Presentation Slides
Subprime Mortgage Crisis Powerpoint Presentation Slides
SlideTeam
 
US Recession 2008 Powerpoint Presentation Slides
US Recession 2008 Powerpoint Presentation SlidesUS Recession 2008 Powerpoint Presentation Slides
US Recession 2008 Powerpoint Presentation Slides
SlideTeam
 
Petrocapita March 2010 Update
Petrocapita March 2010 UpdatePetrocapita March 2010 Update
Petrocapita March 2010 Update
Petrocapita
 
Petrocapita March 2010
Petrocapita March 2010Petrocapita March 2010
Petrocapita March 2010
Petrocapita
 
Agcapita Mar 2010 Update
Agcapita Mar 2010 UpdateAgcapita Mar 2010 Update
Agcapita Mar 2010 Update
Veripath Partners
 
Agcapita July 2009 Update
Agcapita July 2009 UpdateAgcapita July 2009 Update
Agcapita July 2009 Update
Veripath Partners
 
US Sub Prime Crisis
US Sub Prime CrisisUS Sub Prime Crisis
US Sub Prime Crisis
rvmfinishingschool
 
Ex-Im bank memo 1
Ex-Im bank memo 1Ex-Im bank memo 1
Ex-Im bank memo 1
Aaratrika Bose
 
Blakeyovich Enterprises - Iron MBA Economic Analysis
Blakeyovich Enterprises - Iron MBA Economic AnalysisBlakeyovich Enterprises - Iron MBA Economic Analysis
Blakeyovich Enterprises - Iron MBA Economic Analysis
Chris Serio
 
Us Credit Crisis and Feds Response
Us Credit Crisis and Feds ResponseUs Credit Crisis and Feds Response
Us Credit Crisis and Feds Response
okili
 
financial crisis
financial crisisfinancial crisis
STATEN DIE ECONOMIE ZOUDEN LATEN VALLEN, ASSOCIEERT MICRON GEOPENBAARDE
STATEN DIE ECONOMIE ZOUDEN LATEN VALLEN, ASSOCIEERT MICRON GEOPENBAARDESTATEN DIE ECONOMIE ZOUDEN LATEN VALLEN, ASSOCIEERT MICRON GEOPENBAARDE
STATEN DIE ECONOMIE ZOUDEN LATEN VALLEN, ASSOCIEERT MICRON GEOPENBAARDE
welford uniacke
 
STATEN DIE ECONOMIE ZOUDEN LATEN VALLEN, ASSOCIEERT MICRON GEOPENBAARDE
STATEN DIE ECONOMIE ZOUDEN LATEN VALLEN, ASSOCIEERT MICRON GEOPENBAARDESTATEN DIE ECONOMIE ZOUDEN LATEN VALLEN, ASSOCIEERT MICRON GEOPENBAARDE
STATEN DIE ECONOMIE ZOUDEN LATEN VALLEN, ASSOCIEERT MICRON GEOPENBAARDE
kevinmounts
 
International Human Resources
International Human ResourcesInternational Human Resources
International Human Resources
Gokhan Saglam
 
Personal Finance Topic #105 - Reckless Credit Card Marketing
Personal Finance Topic #105 - Reckless Credit Card MarketingPersonal Finance Topic #105 - Reckless Credit Card Marketing
Personal Finance Topic #105 - Reckless Credit Card Marketing
tiresomerat7000
 

Similar to The Queen and Uncle Sam to the Rescue (18)

Why the economy will collapse
Why the economy will collapseWhy the economy will collapse
Why the economy will collapse
 
Recession XL / DC MoneyShow / Nov 6 08
Recession XL / DC MoneyShow / Nov 6 08Recession XL / DC MoneyShow / Nov 6 08
Recession XL / DC MoneyShow / Nov 6 08
 
Global Recession?
Global Recession?Global Recession?
Global Recession?
 
Subprime Mortgage Crisis Powerpoint Presentation Slides
Subprime Mortgage Crisis Powerpoint Presentation SlidesSubprime Mortgage Crisis Powerpoint Presentation Slides
Subprime Mortgage Crisis Powerpoint Presentation Slides
 
US Recession 2008 Powerpoint Presentation Slides
US Recession 2008 Powerpoint Presentation SlidesUS Recession 2008 Powerpoint Presentation Slides
US Recession 2008 Powerpoint Presentation Slides
 
Petrocapita March 2010 Update
Petrocapita March 2010 UpdatePetrocapita March 2010 Update
Petrocapita March 2010 Update
 
Petrocapita March 2010
Petrocapita March 2010Petrocapita March 2010
Petrocapita March 2010
 
Agcapita Mar 2010 Update
Agcapita Mar 2010 UpdateAgcapita Mar 2010 Update
Agcapita Mar 2010 Update
 
Agcapita July 2009 Update
Agcapita July 2009 UpdateAgcapita July 2009 Update
Agcapita July 2009 Update
 
US Sub Prime Crisis
US Sub Prime CrisisUS Sub Prime Crisis
US Sub Prime Crisis
 
Ex-Im bank memo 1
Ex-Im bank memo 1Ex-Im bank memo 1
Ex-Im bank memo 1
 
Blakeyovich Enterprises - Iron MBA Economic Analysis
Blakeyovich Enterprises - Iron MBA Economic AnalysisBlakeyovich Enterprises - Iron MBA Economic Analysis
Blakeyovich Enterprises - Iron MBA Economic Analysis
 
Us Credit Crisis and Feds Response
Us Credit Crisis and Feds ResponseUs Credit Crisis and Feds Response
Us Credit Crisis and Feds Response
 
financial crisis
financial crisisfinancial crisis
financial crisis
 
STATEN DIE ECONOMIE ZOUDEN LATEN VALLEN, ASSOCIEERT MICRON GEOPENBAARDE
STATEN DIE ECONOMIE ZOUDEN LATEN VALLEN, ASSOCIEERT MICRON GEOPENBAARDESTATEN DIE ECONOMIE ZOUDEN LATEN VALLEN, ASSOCIEERT MICRON GEOPENBAARDE
STATEN DIE ECONOMIE ZOUDEN LATEN VALLEN, ASSOCIEERT MICRON GEOPENBAARDE
 
STATEN DIE ECONOMIE ZOUDEN LATEN VALLEN, ASSOCIEERT MICRON GEOPENBAARDE
STATEN DIE ECONOMIE ZOUDEN LATEN VALLEN, ASSOCIEERT MICRON GEOPENBAARDESTATEN DIE ECONOMIE ZOUDEN LATEN VALLEN, ASSOCIEERT MICRON GEOPENBAARDE
STATEN DIE ECONOMIE ZOUDEN LATEN VALLEN, ASSOCIEERT MICRON GEOPENBAARDE
 
International Human Resources
International Human ResourcesInternational Human Resources
International Human Resources
 
Personal Finance Topic #105 - Reckless Credit Card Marketing
Personal Finance Topic #105 - Reckless Credit Card MarketingPersonal Finance Topic #105 - Reckless Credit Card Marketing
Personal Finance Topic #105 - Reckless Credit Card Marketing
 

More from Outlook Money

The Queen and Uncle Sam to the Rescue
The Queen and Uncle Sam to the RescueThe Queen and Uncle Sam to the Rescue
The Queen and Uncle Sam to the Rescue
Outlook Money
 
Dollar Droops
Dollar DroopsDollar Droops
Dollar Droops
Outlook Money
 
Dollar Droops
Dollar DroopsDollar Droops
Dollar Droops
Outlook Money
 
Dollar Droops
Dollar DroopsDollar Droops
Dollar Droops
Outlook Money
 
Dollar Droops
Dollar DroopsDollar Droops
Dollar Droops
Outlook Money
 
Commodities Climb
Commodities ClimbCommodities Climb
Commodities Climb
Outlook Money
 

More from Outlook Money (6)

The Queen and Uncle Sam to the Rescue
The Queen and Uncle Sam to the RescueThe Queen and Uncle Sam to the Rescue
The Queen and Uncle Sam to the Rescue
 
Dollar Droops
Dollar DroopsDollar Droops
Dollar Droops
 
Dollar Droops
Dollar DroopsDollar Droops
Dollar Droops
 
Dollar Droops
Dollar DroopsDollar Droops
Dollar Droops
 
Dollar Droops
Dollar DroopsDollar Droops
Dollar Droops
 
Commodities Climb
Commodities ClimbCommodities Climb
Commodities Climb
 

Recently uploaded

Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
AntoniaOwensDetwiler
 
Fabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio ProblemFabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio Problem
Majid Iqbal
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
rlo9fxi
 
Importance of community participation in development projects.pdf
Importance of community participation in development projects.pdfImportance of community participation in development projects.pdf
Importance of community participation in development projects.pdf
krisretro1
 
University of North Carolina at Charlotte degree offer diploma Transcript
University of North Carolina at Charlotte degree offer diploma TranscriptUniversity of North Carolina at Charlotte degree offer diploma Transcript
University of North Carolina at Charlotte degree offer diploma Transcript
tscdzuip
 
一比一原版宾夕法尼亚大学毕业证(UPenn毕业证书)学历如何办理
一比一原版宾夕法尼亚大学毕业证(UPenn毕业证书)学历如何办理一比一原版宾夕法尼亚大学毕业证(UPenn毕业证书)学历如何办理
一比一原版宾夕法尼亚大学毕业证(UPenn毕业证书)学历如何办理
vpqasyb
 
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
asukqco
 
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
bresciafarid233
 
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
28xo7hf
 
Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
The state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation EventThe state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation Event
ResolutionFoundation
 
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
nimaruinazawa258
 
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
k4ncd0z
 
How to Invest in Cryptocurrency for Beginners: A Complete Guide
How to Invest in Cryptocurrency for Beginners: A Complete GuideHow to Invest in Cryptocurrency for Beginners: A Complete Guide
How to Invest in Cryptocurrency for Beginners: A Complete Guide
Daniel
 
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
Falcon Invoice Discounting
 
Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)
AntoniaOwensDetwiler
 
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaNew Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
Amit Kakkar
 
KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksKYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
Any kyc Account
 
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptxExploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
cosmo-soil
 
Discover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive GuidanceDiscover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive Guidance
36 Crypto
 

Recently uploaded (20)

Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
 
Fabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio ProblemFabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio Problem
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
 
Importance of community participation in development projects.pdf
Importance of community participation in development projects.pdfImportance of community participation in development projects.pdf
Importance of community participation in development projects.pdf
 
University of North Carolina at Charlotte degree offer diploma Transcript
University of North Carolina at Charlotte degree offer diploma TranscriptUniversity of North Carolina at Charlotte degree offer diploma Transcript
University of North Carolina at Charlotte degree offer diploma Transcript
 
一比一原版宾夕法尼亚大学毕业证(UPenn毕业证书)学历如何办理
一比一原版宾夕法尼亚大学毕业证(UPenn毕业证书)学历如何办理一比一原版宾夕法尼亚大学毕业证(UPenn毕业证书)学历如何办理
一比一原版宾夕法尼亚大学毕业证(UPenn毕业证书)学历如何办理
 
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
 
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
 
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
 
Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...
 
The state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation EventThe state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation Event
 
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
 
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
 
How to Invest in Cryptocurrency for Beginners: A Complete Guide
How to Invest in Cryptocurrency for Beginners: A Complete GuideHow to Invest in Cryptocurrency for Beginners: A Complete Guide
How to Invest in Cryptocurrency for Beginners: A Complete Guide
 
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
 
Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)
 
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaNew Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
 
KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksKYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
 
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptxExploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
 
Discover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive GuidanceDiscover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive Guidance
 

The Queen and Uncle Sam to the Rescue

  • 1. The Queen and Uncle Sam to the Rescue By Mohit Satyanand 7 August 7, 2009 I have an early morning call for a play a group of us do for schools, so I'll keep this brief: - yesterday, the Bank of Englasnd surprised makrets by announcing an extension of its "Quantitative Easing" program, a facility by which it buys bonds directly from the market, hoping to lifting the pressure on banks burdened by their own stretched balance sheets. The scheme, worth 50 billion pounds, lifted bond prices, but drove the pound down. - in the US, home prices stay stubbornly down, despite the willingness of housing finance agencies to lend upto 125% of home prices. Remember, that credit on easy terms was one of the culprits of the current financial crisis, for which greedy lenders were blamed. Now that government agencies are offering over-generous terms, I guess this is benevolent. Be that as it may, news comes in that one of these agencies, Fannie Mae, is going to require another round of federal support, of, oh, only 10 odd billion dollars. I don't know where all this is going to end, but I doubt it's going to be one of those "Happily Ever After" endings.