diese Meldung von GATA könnte dazu passen...

verfasst von Tofir, 21.05.2002, 23:41

....THE FED’S BIG ANNOUNCEMENT Last week the Federal Reserve announced a major policy change. For the first time in its 89-year history, the discount rate charged to banks will now be more than the Fed Funds rate. The reason?

The Wall Street Journal explains this change as follows:

“Under the proposed changes, the discount rate would be significantly higher than it is now but discount window credit would be granted with far less stringent conditions. This is meant to reduce the stigma and administrative burden of using the discount window, thus increasing its use.” That sounds plausible, but the real reason for this policy change I think appears in the last paragraph of the article.

“But the Fed also wants to prevent interest-rate volatility from rising because of changes in the bank industry...[that] could eventually make it harder for the Fed to target interest rates precisely. The new discount-window system could prevent that from happening.”

Why is the Fed worried about targeting interest rates?

Clearly, the Fed is worried about the trillions of dollars of interest rate derivatives on the books of the banks and outfits such as Fannie Mae and Freddie Mac. These institutions have made huge bets. If interest rates become volatile, they stand to lose billions. Therefore, the Fed is arranging to bail them out in advance. The Fed will do everything within its power to make sure that the banks win their big bets on interest rate derivatives.

-END-



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• es ist bereits 5 vor 12, und die Uhr tickt............. - Emerald, 21.05.2002, 21:03
  • Re: es ist bereits 5 vor 12, und die Uhr tickt............. - JÃœKÃœ, 21.05.2002, 21:09
    • Re: es ist bereits 5 vor 12, und die Uhr tickt............. - Turon, 21.05.2002, 21:25
  • wer hat hier USD? - R1, 21.05.2002, 21:10
    • Re: hab jede Menge - leerverkaufte... - kingsolomon, 22.05.2002, 12:29
  • Re: wie kommst Du darauf? - Reinhard, 21.05.2002, 21:45
    • Re: wie kommst Du darauf? - Emerald, 21.05.2002, 21:49
      • bitte sag uns, um welches..... - Praxedis, 21.05.2002, 22:11
        • hmmmm - sieht lecker aus..... - Praxedis, 21.05.2002, 22:20
          • das sind lächerliche 95.000.000.000.000 Dollars - Toby0909, 22.05.2002, 08:35
        • Re: bitte sag uns, um welches..... - JüKü, 21.05.2002, 22:21
      • Re: keine Panik auf der Titanic, wir stecken gut eingepackt im Packeis - Ecki1, 21.05.2002, 22:20
  • diese Meldung von GATA könnte dazu passen... - Tofir, 21.05.2002, 23:41