SEARCH BLOG: FEDERAL RESERVE and ECONOMY
More about bears....
On August 17, 2007, I wrote:
As I said on August 13 and today, the Fed is getting nervous, but it is not quite ready to lower interest rates that affect housing or other consumer purchases. Right now it is hoping a bandaid will fix things... it won't.The cut has become infected and a limb is in danger. Ben Bernanke is panicking and the Fed has its emergency triage team cutting rates... this time by 3/4%.
September 11, 2007 It only means that the overall process has flaws guaranteeing it will be slow in responding to changes in the economy... and tend to over-react as a result. [see the history in the right column]So, we will all sit back and watch several years of investment earnings go down the drain in a whirlpool of frenzy by the Federal Reserve and worldwide markets... as they become very bearish.