January 29, 2004
The Fed and You
Have you been wondering about yesterday's drop in the value of your stock portfolio?
The national news gives you the shallow version: Fed changes words and values drop.
For the deep version with all the stories behind the story read Bilmon's analysis. There is more going on here then you might imagine. Here is his summary:
This means the Fed is going to have to balance the demands of some politically powerful domestic interest groups against the demands of financially powerful foreign constituencies. And as central bankers in any number of developing countries can attest, this is never an easy, or pleasant, job.We'll all get to live through the results. Posted by Steve on January 29, 2004
