(Community Matters) I haven’t been keeping up with this as much as I should. My very uneducated first guess is that it has more to do with international exposure than it does about the adequacy of our recently passed bailout legislation. Makes me wish I had reduced emerging country exposure. Admittedly Fed’s need to purchase public company commercial paper is another very serious red flag. Plan to listen into a bank’s conference call on the topic this morning. More on this topic.
update: wow, a 0.5 pt cut in federal funds rate. US Federal Reserve coordinating with key central banks. Like that they are coordinating. Don’t like further drop in US rates. Though, the former prioritizes.
Community Matters 