The stock market seem to be stabilizing, aided by news that the Federal Reserve will buy up short-term debt in order to get companies financially interacting again. I won't get into the gruesome details, but buying up short term debt (known as commercial paper on Wall Street - a mechanism that enables companies to borrow money overnight or or over the course of a few days) is an area that the Federal Reserve rarely gets into. Of course, these are historic times and the Fed will every tool in its arsenal to reverse the sliding economy. That's what we're seeing here - and it seems to be... ...
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