The talk about "all tools" however is confusing. Essentially "all tools" is money, plain old money, especially with benchmark interest rates at next to zero. Its all about huge sums of money and bailouts are the method.
We do appreciate the attempt to offer a positive feeling tone or picture for the investment realm. A positive mood is part of an equation that will help create stability in the markets.
We are all extremely interested in seeing what is coming up on Wall St this upcoming week.
Reuters: Bernanke: Fed will use all tools at its disposal
"At the Federal Reserve, we will continue to forcefully deploy all the tools at our disposal as long as necessary to support the restoration of financial stability and the resumption of healthy economic growth..."
2 comments:
Where do I apply for a bail-out from Ben and the boyz? Oppps. I forgot I'm not to big to fail. Damn! My mother always told me to think BIG! She was right, cause it seems if u get BIG enough you can't fail. maybe, that's why the Rethugs use an Elephant as their Nat'l symbol. Nothing in nature except man can kill one of these beasts.
The Republican elephant is so big because its full of hot air.
There's only one party in this country, the corporate party. Its two branches feud about how much money to throw on the corporations. The Republicans want all tax rules, welfare etc to go directly at corporations. The Democrats want the same except for some chump change for workers so they can put a smiley face on it all.
Post a Comment