This guy doesn’t have a clue. First of all the FED did raise the discount rate from .25% to .50%. What is the discount rate? It is the rate FED member banks charge each for overnight loans but it is not set in stone. Because the banks were flush with cash, there was no takers at .50% so the banks lowered the rate to get other banks to borrow. It…[Read more]
In reply to - The Doc wrote a new post, Derivatives & Deutsche Bank: Jim Willie Unleashes Historic Holiday Rant 2.5 hours of Golden Jackass at his absolute finest: Download Podcast (Right Click + ‘Save A […]↧
