Christine Lagarde, managing director of the IMF, says the world economy is entering a "dangerous new phase." But then she says she's impressed with the dog vomit the MEC presented in his prattle to Congress last evening.
The stock market is decidedly unimpressed with what the MEC - and Bernanke - had to say.
As the article notes: "Markets always vacillate between fear and greed, and today we're coming down pretty much all on the fear side," said Kim Caughey Forrest, equity research analyst at Fort Pitt Capital Group.
ReplyDeleteSuch admirable qualities make me not give much of a damn whether the market is impressed, except that I don't trust them, but bloggie seems to, at least every time it goes down, at least while his detested freedom haters are in power.