The US Federal Reserve injected $38 billion dollars into the economy via temporary open market operations this Friday. This is the largest number of temporary repurchase agreements (specifically, one business day repos) entered into by the Fed since September 11, 2001.
Yeah, that's what we need. A reinflation of the Housing Bubble.
Instead of a shaking out of all the bad ideas that grew out of the last "reinflation."
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