joanna bujes wrote:
>I'm confused. The Federal Reserve, despite its name, is very much a
>private concern, right? So, why should it not buy equities?
Not "very much" a private concern. It's a mixed bag. The Board of
Governors, based in Washington, are appointed by the pres and
confirmed by th
>From: joanna bujes <[EMAIL PROTECTED]>
>
>At 12:00 AM 07/31/2002 +, you wrote:
>>What?! The Federal Reserve is explicitly authorized to take equity stakes
>>in private enterprise? My God, is there anything the sovereign state of
>>the Fed is *not* entitled to do?
>
>I'm confused. The Fede
At 12:00 AM 07/31/2002 +, you wrote:
>What?! The Federal Reserve is explicitly authorized to take equity stakes
>in private enterprise? My God, is there anything the sovereign state of
>the Fed is *not* entitled to do?
I'm confused. The Federal Reserve, despite its name, is very much a pr
>From: Doug Henwood <[EMAIL PROTECTED]>
>
>Hinrich Kuhls wrote:
>
>>A couple of days ago the NZZ also reported on a rumour going around that
>>the Fed could have directly intervened on stock markets and could have
>>bought large amounts of stocks
>
>That one's always floating around. RIght-wing
The New York correspondent of the Swiss journal Neue Zuercher Zeitung (NZZ)
today reports on the recently published Fed paper "Preventing Deflation:
Lessons from Japan's Experience in the 1990s".
A couple of days ago the NZZ also reported on a rumour going around that
the Fed could have direct
