Tuesday, June 24, 2008

Fed’s Tough Guy Act&Lending Rates

A: Well, it’s officially summer but there is nothing hot about the markets these days. The second half recovery that economists and analysts have been predicting, certainly seems a distant memory at this point. What I see, is what so many of us have been talking about since this credit crisis began, except now its finally here. I mean, the bond insurers’ saga took weeks of front lines in January, and now its actually here inflicting it’s pain. The credit crunch has way more respect, now that it is causing collateral damage and dragging stocks down with it. Hmmm, to think, who w[...]

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[Source: The Money Blogs]

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