On Nov 17, 2007, at 9:13 PM, joanna wrote:
> Since Bernanke has announced his unwillingness for further cuts, I
> wonder whether the crisis mongering is not simply a way of
> attempting to
> reverse that course,
Good question. Fedster Krozner's speech the other days was very tough - he reiterated the "no more cuts unless things really fall apart" line but the market didn't want to hear it. The market may be right, but the Fed's credibiity is going to be shot.
Doug