The Last TWO Days!

In the stock world, we're still waiting to see if the FED is going to give another massive monetary injection into our economy. Yesterday the stock market jumped to the highest level since 2007 because of it. Craziness still persists over in Europe as they are tightening the screws on the money they give out to save the Euro. Even though they still plan to give out money, they are tightening the regulations about it. Here's a fast news highlight of it:

9-11-12
From MSN:
Updated at 11:30 a.m. ET: Stocks were moving higher Tuesday as investors exercised caution ahead of possible policy action from the Federal Reserve and a key decision by a German court.

The Dow Jones industrial average was lately up over 90 points, having touched its highest level since December 2007.

Equities have rallied on expectations for fresh stimulus measures from central banks, with economists forecasting a 60 percent chance the Fed will announce another round of quantitative easing.


9-10-12
"What central banks everywhere are doing is trying to make sure people are not focused on the world breaking apart," said Dinakar Singh, CEO of TPG-Axon Capital. "Ultimately I don't think lower rates make that much difference anymore. There aren't that many people left that haven't borrowed money -- companies or people -- but would if rates were lower. "

may extend its stated promise to keep interest rates ultra-low further into the future. Some market watchers, and a few Fed policy makers, have expressed concerns those moves could do more harm than good.

Even as low rates have failed to spur growth, they're penalizing savers. Insurance and pension funds have been hit hard by record low returns needed to fund long-term obligations. And, at some point, the Fed will have to start selling its massive holdings in bonds, forcing rates higher and producing a drag on growth. Discussions about that "exit strategy," frequent following the Fed's first round of bond-buying, have all but disappeared from recent Fed deliberations.

Europe's central bank, meanwhile, is also embarking on its second round of bond buying to try to head off a deepening recession. But the ECB's easy money efforts appear to have had even less impact on the eurozone crisis than its American counterpart.

" Following a series of monthly data showing China's once-hot growth winding down, Beijing last week announced a series of new infrastructure projects to try to reverse the downturn.

But the measures are much more limited than the massive stimulus undertaken following the 2008 collapse. That spending spree left China with more roads, bridges, airports and rail lines than it needs. Now, as growth has slowed again, inventories of raw materials and finished goods are piling up."

aced with an ongoing global slowdown, though, central bankers around the world are loathe to do nothing.  Despite the limited impact of dumping more money into the economy, even easy-money skeptics at the Fed will likely go along with another round, according to Neal Soss CSFB chief economist.

"Even those who doubt the efficacy of monetary policy under current circumstances may well feel obliged not to disappoint financial markets," he said. "First, do no harm."