Bernanke against auto bailout
By Daniel at 10 December, 2008, 9:38 pm
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Chinese may be backing away from Rothschild deal as starting to consider any deals with Western business as perceived as investing in the west right now is like catching a falling knife:
http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=a2hZdL5hcipQ
Deflation as Global economy falling off a cliff:
http://www.bloomberg.com/apps/news?pid=20601039&sid=ayWr6HwZq0FY&refer=columnist_gilbert
Bernanke against auto bailout:
“Bernanke, in a letter released yesterday, rejected the idea that the central bank should provide assistance to automakers, saying that such aid would involve the Fed in “industrial policy,” an area best left to Congress… Bernanke is attempting to re-establish a clear line: that the central bank will only assist firms vital to the financial system, a definition that would exclude companies such as General Motors”
http://www.bloomberg.com/apps/news?pid=20601069&sid=asuR6DkPlOOA&refer=fedwatch
Yen could rise as auto bailout hits obstacles:
http://www.bloomberg.com/apps/news?pid=20601083&sid=a9uZguxaaIco&refer=currencies
US treasuries in freefall as US budget borrowing heads for $2 Trillion (plus of course the fast approaching $11 Trillion National debt):
http://www.bloomberg.com/apps/news?pid=20601009&sid=aKu6Pjmr5GWQ&refer=bonds
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