Inter-Galactic Bailout:The Fed extends the hand of debt beyond borders
By Bill Bonner
12/02/10 Mumbai, India – The Fed is now bailing out the whole world! But who will bail out the Fed?
After the news came out yesterday, the Dow rose 249 points. Gold was up $2.
Here’s the latest from Bloomberg:
Stocks jumped, sending US benchmark indexes to their biggest gains in three months, while the euro and commodities rallied and Treasuries slid amid improving data on the American and Chinese economies and speculation of a larger effort to end Europe’s debt crisis.