Dedicated to dismantling the Ivory Tower and attempting, in some small way, to help revive the social science of economics.
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Wednesday, January 23, 2008
Not a Good Sign
It's never a good sign that, even with an unorthodox surprise 75 basis point drop in interest rate by the Fed, the Stock market continues to fall (Dow Jones - over 200 points since beginning of yesterday's trading). Investor confidence in Bernanke (or the Fed's ability to help) must be really low.