Hedge funds on the brink as US Federal Reserve cash fails to ease crisis

Hedge funds on the brink as US Federal Reserve cash fails to ease crisis

business.timesonline.co.uk

Several hedge funds with assets of more than $4 billion (£2 billion) were on the brink of collapse last night or had halted withdrawals, despite moves by the US Federal Reserve this week to ease America’s deteriorating credit crisis with a $200 billion collateral lending facility.

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Related AboveTopSecret.com Discussion Threads:
Fed Prints Another $200 Billion Out Of Thin Air

Go figure! The government just seems to believe that making additional money or giving out stimulus packages will magically make the economic crisis go away. Is the bleeding ever going to stop?

business.timesonline.co.uk
(visit the link for the full news article)

The saga continues as the oil prices keep raising with no end in site, bringing inflation to a predicted 3% higher.

Now the credit card crunch is showing its ugly face as more people defaulting in everything.

and the speculation is on another and perhaps the last interest cut tomorrow.

But how can you make the consumer come back and revive the economy?

How can they get more loans and more credit if the banks are holding onto their money and people keep losing their jobs?

reply to post by marg6043


Hey marg. check out this story when you get the chance. I have no idea how we are going to bounce back from this. It does not look too promising.

The Fall of the American Consumer

How much lower can consumer spending go? The malls are like mausoleums, retail clerks are getting laid off, and AOL recently featured on its welcome page the story of man so cheap that he recycles his dental floss -- hanging it from a nail in his garage until it dries out.

Fall of the American Consumer

The famous retailer The Sharper Image has filed bankruptcy. You know something is up when retailers like that go in the tank. Also, when Starbucks lays off employees, you really have to look at the situation. Not a very bright outlook as far as I can tell.

[edit on 3/12/2008 by palehorse23]

Today in Cramer they were showing a picture of expensive high scale cars in the parking lots of Wal-Mart, I thought it was so funny but sadly it only tells how people are scrambling for deals to be able to save a penny.

I was reading also an article of the what is going to become the next bubble to crash in the 500 trillion dollar in derivatives they are call now the the world's biggest "black market," .

Now that the economy is going nowhere this is where the money will be make but not in the same way as the markets but in the black market were is not regulations and not taxes.