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Fed admits there are no green shoots, leaves free money policy in place...

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rfranklin Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-16-10 01:29 PM
Original message
Fed admits there are no green shoots, leaves free money policy in place...
And the stock market goes up. I would guess that's because Goldman Sachs and others know that they'll be making a bundle bidding up stocks and using the free money from the government.
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Possumpoint Donating Member (937 posts) Send PM | Profile | Ignore Tue Mar-16-10 01:33 PM
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1. Well
I guess you know the game is rigged.
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blogslut Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-16-10 01:33 PM
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2. Link?
?
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rfranklin Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-16-10 02:35 PM
Response to Original message
3. U.S. stocks gain as Federal Reserve acts as expected
U.S. stocks gain as Federal Reserve acts as expected
Greece no longer facing downgrade from S&P; euro strengthens
By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) -- U.S. stocks climbed Tuesday after the Federal Reserve kept its key interest rate at record lows and repeated its "extended period" policy pledge.

"Today is a non-event but expect a change in April," said Peter Boockvar, equity strategist at Miller Tabak.

While the Fed was widely expected to keep its target rate for overnight loans at between zero and 0.25%, analysts combed the central bank's accompanying policy statement for clues as to the timing of future rate-hike moves.
http://www.marketwatch.com/story/story/print?guid=52830317-08B3-4ABA-A757-6B3367AED48A
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-16-10 02:36 PM
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4. delete. Need some study first. n/t
Edited on Tue Mar-16-10 02:38 PM by Subdivisions
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