Federal Reserve Bank out of Ammunition as Economy Slows by AnthonyT

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Federal Reserve Bank out of Ammunition as Economy Slows

POSTED BY: ANTHONYT
UPDATED: Tuesday, August 10, 2010 20:08
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Tuesday, August 10, 2010 4:09 PM

Freedom is Important because People are Important

http://money.cnn.com/2010/08/10/news/economy/fed_decision/index.htm?hp
t=Sbin

Hello,

The news seems to be, more or less, that they're out of bright ideas. They've shot their wad, and the only power they have left is to make gestures. I'm not sure why that makes the markets feel reassured.

--Anthony

Due to the use of Naomi 3.3.2 Beta web filtering, the following people may need to private-message me if they wish to contact me: Auraptor, Kaneman, Piratenews. I apologize for the inconvenience.

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Tuesday, August 10, 2010 8:08 PM

FREMDFIRMA

That they won't be fiddling and fumbling any more ?

I dunno about the markets, but it sure makes ME feel reassured - cause the idea of the FED "helping" is like when your crackbrained bubba fumblefingers cousin offers to "help" you fix your washer/dryer...

-Frem

I do not serve the Blind God.

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