What the hell does Bernanke & Co. mean by "all available tools"?

Yo homey, why don't these morons then just spell it out as 75 BP? Why the smoke screen when we're hovering near zero? Makes no fucking sense!

 

Using "all available tools" could mean:

1. Don't worry we're going to defense you.
2. Don't blame us, we did our best.

 

Dang, you took my answer. It's the only correct answer. Look at all the good they've done so far.

 

all available tools:

Check: Interest rate policy
Not yet: Change banking reserve requirement.
In progress: Print money. Any amount possible.

 

I dont think they will go there. in the 91 credit crunch they lowered reserve requirements to ease the crunch but banks found that the lower requirement made them exposed to overdrafts in their accounts with the fed when they had large transfers. this made the fed funds market extremely volatile

 

All available tools include his helicopter from which he'll drop sacks of money into mall parking lots & strip malls.

If the Fed crashes the dollar in '09 the US Gov't better take back the responsiblity of printing its own money.

These bozos got us into this mess & now we expect them to extricate us!

HA! Thank goodness for futures markets!

Happy trading!

 

It's the same ol' mantra: Same shit, different times. Otherwise, it's better known as "paradigm shit".

 

I doubt it. They'll just create another bogus standard. Does anyone even remember Bretton Woods?

 

How else would you devalue a FIAT currency?

Nothing else is going to work and they know it.

 

Exactly.