Mar
10
Monetary Policymaking and the Markets, from Kim Zussman
March 10, 2008 |
It seems the "Fed Put" is deployed strategically nowadays: see the FOMC unscheduled cut before the perilous open on 1/22, and the increased liquidity announcement on Friday before the payrolls number. One wonders whether the market is becoming conditioned to throw a tantrum to get what she wants from Daddy, and progressively spoiled and unappreciative as the gifts pile up.
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