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paul.kedrosky.com - 10/13/2008
The G7 Put vs. the Greenspan Put
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936 points on the Dow. 11.1%. Oh. My. Goodness. Almost unbelievable. I'll leave to others to put it in context in terms of biggest-first-day-after-apocalypse-rebounds-on-prime-numbered-weekdays-in-October, but I'll just say this: the G7 put sure beats the crap out of the Greenspan put .  ...
treas.gov - 10/11/2008
G7 Plan of Action
— treas.gov — October 10, 2008 HP-1195 G-7 Finance Ministers and Central Bank Governors Plan of Action Washington -- The... G-7 agrees today that the current situation calls for urgent and exceptional action. We commit to continue working together to stabilize ... (more) G7 Plan of Action

Comments vote down Across the Curve found this 10/11/2008found this
voxeu.org - 10/11/2008
The G7 package is nice, but more is needed
— voxeu.org — Luigi Zingales , 11 October 2008 Paulson’s plan won’t work. Leaders agreed to inject equity into the... banking system, but too little, too late. Nothing short of a 5% increase in banks’ equity capital (about $600 billion) will restore confidence. This ... (more) The G7 package is nice, but more is needed

Comments vote down Economist's View found this 10/11/2008found this
investopedia.com - 10/13/2008
Greenspan Put
— investopedia.com — A description of the perceived attempt of then-chairman of the Federal Reserve Board, Alan Greenspan, of propping... up the securities markets by lowering interest rates and thereby helping money flow into the markets. Investors assumed that they would ... (more) Greenspan Put

Comments vote down Paul Kedrosky's Infectious Greed found this 10/13/2008found this

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EconomPic:  What a Difference a Day Makes...

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Blog Reactions

What a Difference a Day Makes...
EconomPic — Paul at Infectious Greed sums things up rather well: 936 points on the Dow. 11.1%. Oh. My. Goodness. Almost unbelievable. I'll leave to others to put it in context in terms of biggest-first-day-after-apocalypse-rebounds-on-prime-numbered-weekdays-in-October, but I'll just say this: the G7 put sure beats the crap out of the Greenspan put. Somewhat more seriously, has it changed anything for me? Not really. Governments around the world have said that they will prop up financial markets, not letting major institutions fail. And that's mostly good, if not entirely ...

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