The news. Asian stocks surged the most in eight months and U.S. futures jumped after the U.S. government seized control of Fannie Mae and Freddie Mac, shoring up global financial markets reeling from more than $500 billion in credit losses.
The immediate response of the markets.
. Soaring stock markets in Asia because of the reduced financial risk and increased liquidity.
. Higher crude oil and gold because of the inflationary implications of the plan.
. Lower dollar because of the inflationary implications of the plan.
. Higher yields because of the inflationary implications of the plan.
More, much more when you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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