Tuesday, June 25, 2013

MORE DAMAGE CONTROL

If at first you don't suceed, switch to your damage control mode.

That appears to be the Federal Reserve's latest ploy after Big Ben stuck his economic shoe in his mouth and sent the stock market reeling recently. Calm those frayed investor nerves. Refill the punch bowl. Let them know we're still serving.  

If you're a big bank, don't fret. The drinks are still on the house.

For every seller there needs to be a buyer. And the bridge that connects the two in most cases is called credibility. So here's the multi-trillion buck question: How much if any does the Bernanke-led Fed have left?

http://www.reuters.com/article/2013/06/25/us-usa-fed-idUSBRE95O0B020130625

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