Heavy Lifting - thoughts and web finds by an economist
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Monday, September 29, 2008
Economists tend to think so. But what if that which is being demanded is actually needed to cover payroll, etc? What then?
From Financial Week:
From the story:
The rise in commercial paper costs reflects a growing lack of confidence in short-term credit markets, as investors pulled a record amount of cash—$182 billion—out of money-market funds in the two weeks ended Sept. 24, after the first shareholder losses in 14 years.
If firms don't get short-term funding, they may not make payroll. People who aren't paid for the work they have done, get really ticked off. People who are really ticked off usually don't make wise decisions.
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