DislikedWill be interesting to see how much (if any), the Fed will talk up inflation at this meeting.Ignored
I think the Fannie Mae and Freddie Mack Issue will be addressed. There might even be a surprise release by Treasury before he speaks. The problem CANNOT be allowed to go on much longer. There is no real solution but they will need to motivate the market to think there is. I could be wrong but they have done this at least 3 times in the last year at times of severe crisis. I am going to be wary just in case. I have seen the movie before.
We are talking Trillions here. Look at the share value of Fannie Mae and Freddie Mack. There are VERY ANGRY Countries and Wealth Funds now holding worthless paper. Regardless be careful just in case. It is also a Friday on top of all that.
Who knows what will be discussed with the wealthiest Folks in the World there...
Action starts soon but Europe at 2:00 AM EST could be interesting.
Stay Tuned !!!
Bruce
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