Fisher Storms on the Horizon Part 4 of 18
Fisher Storms on the Horizon Part 4 of 18
Today, our fellow citizens and financial markets are paying the DoublingStocks price for falling victim to the complacency and recklessness Martin warned against. Few scanned the horizon for trouble brewing as we proceeded along a path of unparalleled prosperity fueled by an unsustainable housing bubble and unbridled credit markets. Armchair or Monday morning quarterbacks will long debate whether the Fed could have/should have/would have taken away the punchbowl that lubricated that blowout party. I have given my opinion on that matter elsewhere and wont go near that subject tonight. What counts now is what we have done more recently and where we go from here. Whatever the sins of omission or commission committed by our predecessors, the Bernanke FOMCs objective is to use a new set of tools to calm the tempest in the credit markets to get them back to functioning in a more orderly fashion. We trust that the various term credit facilities we have recently introduced are 10 Minute Forex Wealth Builder! helping restore confidence while the credit markets undertake self-corrective initiatives and lawmakers consider new regulatory schemes.
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