That may be what main street will buy, and that which Wall Street knows to be a joke.
The Fed released 3 things they can do to stimulate the economy, none of which seems unconventional at all. It's if the Fed is implying, without saying, they have a secret weapon, something no one has thought of, an "unconventional approach", however as I said, the 3 measures laid out were far from unconventional. This is what I was looking for, something that bolsters the confidence of the ordinary Joe in the market, but something Wall Street knows is nothing more then a shadowy, vague set of words. We could have our spark that ignites our bounce.
Since I refuse to, anyone watching CNBC, let me know what the climate is there, how they are spinning this story, especially as it relates to speculation regarding unconventional.
Ahh I guess I should do my job and put on CNBC-just remember though, I'm doing this for you.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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