Word: feds
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Having been stuck in a depressive tailspin since their snubbing by Alan Greenspan and the Fed on Tuesday, the stock markets are desperate for one of two things: Some good news about corporate earnings, or some bad news about the economy - bad enough to force Greenspan to jump into rate-cutting with both feet...
...best, if the LEI drops three straight months, it's supposed to augur a recession. But this is only the first one. So what you get is what the prevailing view at the Fed is - the economy is weak. But there's no recession at the moment, and there's not likely...
...Wall Street is convinced the worst is still ahead, and that the Fed has room to cut a lot more than it has. They don't see any relief for earnings, and they think that's going to lead to more layoffs down the road once companies have to cut costs further to be profitable...
...dour Fed chief has had an awfully nice run. For the last few years, he's been feted as the crown prince of prosperity, treated as though his accountant's mug should be chiseled on Mount Rushmore, and given the ultimate media accolade: a hagiographic book by Bob Woodward...
...there anything else out there, down the road, that could turn the markets around besides the Fed...