Robert CaldwellHave We Hit a Bottom?
November 11th 2008 04:34
Will the bottom we reached on October 10th hold? In the short term yes. We don't have our entire financial system on the brink of collapse. In fact the system as a whole seems to be recovering.
1. Libor rates have dropped some.
2. The government has stepped in with infusions of capital to our banks.
3. The treasury has begun insuring top rated commercial paper and started acting as a 3rd party to these transactions.
4. Eventually the treasury will also begin buying up mortgage backed securities.
5. The government has been proactive in keeping this economy on track. This has given investors confidence in the market.
1. Libor rates have dropped some.
2. The government has stepped in with infusions of capital to our banks.
3. The treasury has begun insuring top rated commercial paper and started acting as a 3rd party to these transactions.
4. Eventually the treasury will also begin buying up mortgage backed securities.
5. The government has been proactive in keeping this economy on track. This has given investors confidence in the market.
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