The 28-day repurchase agreements will allow primary dealers (banks and broker dealers that trade directly with the Fed) to borrow against all and any class of securities, including the agency-backed mortgages being shunned by many private-sector institutions.
The effect of the Fed's measures is to supply banks and financial institutions with the liquid funds that they can't currently obtain on the commercial markets. ..... http://www.bbc.co.uk/blogs/thereporters/robertpeston/
U.S. Unexpectedly Lost 63,000 Jobs in February
Tons of food aid rotting in Haiti ports
Already we have riots, hoarding, panic: the sign of things to come?
Las Vegas gambling revenues are falling for the first time since 2001, adding to the evidence that the US economy is on a losing streak.
The city has been on a roll for seven years, fuelled by increased tourism and domestic spending, with visitors flocking to the new generation of resort casinos that have sprung up along the Las Vegas Strip.
http://www.gcnlive.com/NewsStory/Gold.html U.S. central banks may have less than half the gold they claim to possess in their vaults, charges a watchdog group in an ad scheduled for publication in the Wall Street Journal this week.
