Relevant:
- Little Sign of Relief in Interbank Markets Despite Massive Intervention
- ECB Balance Sheet Increases to Record 2.73 Trillion EUR ($3.55 T)
- Hedge Funds Double Down on U.S. Debt
- For the second day in a row, the New York Fed injected billions of dollars into the market
- Credit Suisse has bad news for debt wannabes
2008-09-30 — housingwire.com
"Christoph Rieger, a fixed-income strategist at Frankfust-based Dresdner Kleinwort, offered Bloomberg a bleak take on the market. “The money markets have completely broken down, with no trading taking place at all,†he told the news service. “There is no market any more. Central banks are the only providers of cash to the market, no-one else is lending.â€"-
In a Ponzi economy that's not all bad!
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