Thursday, August 16 in the news....
- The US Federal Reserve said Wednesday it may pump more money into the jittery financial system when the stock markets open for trading to meet increased liquidity demands. The Fed pumped a total 64 billion dollars into the financial markets in operations on Thursday, Friday and Monday to soothe investors' fears over a credit crunch tied to the troubled US housing sector. The Fed said it played a much needed reassurance factor for the investor class over the last few trading days while laying the foundation for ongoing devaluing of the currency that the poor and middle class enjoy so much through comprehensive inflationary price rises paid for with their seldom changing wages.
