Yes, actually I am being facetious.
After the House failed to pass the bailout yesterday the DOW took a 777 point tumble. Today, it regained 485 points. Yes, it is still down…
But, the world financial markets did not crash.
Many argue the market is “holding on” because everyone knows a bill will be passed later this week.
Probably. [...]
Continue reading about Wait, You Mean The Financial Markets Didn’t Crash?
The core CPI numbers released are still relatively stable and point away from a rate increase in the near term. Of course energy prices and other volatile commodities continue to cause concern but so far the Federal Reserve shows no interest in reacting prematurely.
However, we need to keep Bernanke’s words from his March testimony before [...]
Continue reading about The Latest CPI Numbers Continue to Give the Fed Breathing Room on Rates
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