Weekly discussion of financial markets, economics, politics, and the media.
A member of Wall Street's Digital Underground since 1995
Wednesday, December 12, 2007
Buck stops here..or is here or here ....
So what happened? The market was looking for firm decisive action. The market was looking for the FED to take the lead, but instead we go a muddled academic statement. I know I have po- poed this thing since the beginning ,but weather it’s a calamity or not the market wants certainty and firm FED action would say to all that the “Buck stops here” .