Thursday, January 10, 2008

Money For Nothing

Wheeeeeeeee!! Here we go. WSJ (01.10.08):
"Federal Reserve Chairman Ben Bernanke, acknowledging the growing threat from fragile financial markets and weakening employment, opened the door to 'substantive' cuts in interest rates.

The 'outlook for real activity in 2008 has worsened and the downside risks to growth have become more pronounced,' Mr. Bernanke said in a speech."

Bernanke Opens Door to Steep Cuts Amid Increased Risks to Economy

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