Fed & Georgey Bush - Keep wall street Happy?

January 31, 2008

With the latest reduction of the US Interest Rate you would wonder if the Fed is actually trying to keep wall street happy and the shares in Pensions stable or if they are actually making a last dash effort to fool the US into thinking they arent plummiting into a recession.

Im not trying to be negative , but hearing George Bush today on radio announce that this was to “stop” the US heading into recession , I reckon that this action by the Fed , the 2nd drop in 10 days which is totally un-heard of , even globally and especially for the US is a brave attempt at stemming the niagra falls of leaks.

Dont think that this wont affect the Global economy either because the whole world is going to feel a knock-on effect.

Georgey probably doesnt see this though.. maths was never his forte!