The atmosphere appears to have changed, and for the positive. The Fed has stopped dawdling, and has reduced interest rates to within earshot of their lows, the Treasury has become engaged in solving some problems, and at least one market crash was (barely) avoided at 11:59:59, when Bear Stearns was bailed out with no time to spare, and at a shocking value. We’re not saying that things can’t go lower, but frankly we would not be surprised if markets and the dollar begin to firm, in a jagged way of course, from here. The first step is to admit that there’s a problem, and this would seem to have been accomplished this week.

This entry was posted on Friday, March 21st, 2008 at 12:05 am and is filed under Democrats, General, Republicans, business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.