Friday, March 27, 2009

FW: Inman PM: 'Do not underestimate the power of the Fed'

 

 

Mark Adamczyk

Realtor/Owner
ItsYourSale.com, Inc.
504 N. Wymore Road
Winter Park, FL 32789
Phone: 407-227-6263
Fax: 866-269-5994
Mark@ItsYourSale.com

 

http://www.ItsYourSale.com

 

 

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From: Inman News Headlines [mailto:dailynews@inman.com]
Sent: Friday, March 27, 2009 4:26 PM
To: mark@itsyoursale.com
Subject: Inman PM: 'Do not underestimate the power of the Fed'

 

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Friday, March 27, 2009

'Do not underestimate the power of the Fed'
There will be many turning points in this first global recession of the modern era, but this week marks one of the good ones. The players: the Fed, the Obama administration, and maybe, just maybe ... the bankers.

The Fed is a central bank. All nations have one, each with one unique capability: the authority to print money. In normal times, central banks print money cautiously but routinely through the banking system -- draining in good times, increasing in recessions ... CONTINUED

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