How about the accounts sticking to accounting. Just in case you thought there was any hope: But most ominously, the CBO report warns of a “sudden fiscal crisis” in which investors would lose faith in the U.S. government’s ability to manage its fiscal affairs. In such a fiscal panic, investors might abandon U.S. bonds and […]
Tag Archives: Wall Street
A tale of mixed metaphors
Ben Bernanke will save the world, but first we bleed Posted by Ambrose Evans-Pritchard on 14 Dec 2007 at 12:48 The Bernanke ‘Put’ has expired. Are Bernanke’s academic doctrines blurring his vision? The Fed cuts a quarter point, and what happens? Wall Street’s ungrateful wretches knock 294 off the Dow 294 in an hour and […]