a misconception about FED's injection of money
(2007-08-16 21:19:24)
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The FED injects money into major bank system to help liquility (資金周轉)in difficult time. The money do not go to stock market at all. Some people's thinking of "政府買單,托市“ may be misleading. However, FED's action does have important pschological impact on stock market directly. Furthermore, the smoothing running of bank system helps stock market to certain degree too.