Will The Fed Approve An Emergency Rate Drop?
Posted by Macswain on Aug 13, 2007 in Uncategorized | 2 comments
That’s the big question for the financial markets.
My initial feeling was that Bernanke doesn’t want to make a move that even slightly smells of panic. But then I noticed some new stories today about Bank’s tightening their lending standards.
My bet – which has all the value of picking a stock at random – is that an emergency drop will not happen because Bernanke wants to maintain the aura of calm. Anyone else?
BTW – I manipulated the time stamp on this post so that Mikey’s good cause remains at the top. Go vote for the kid!!!
Bernanke is just as incompetent as the rest of the doofusses that Bush has hired.
Ha! Just like potential home buyers, he seems frozen with fear.