The economic situation in the United States should be critical, when Chairman Bernanke calls for the fiscal stimulus package to become immediately effective. A concentric work might be the best solutions to take the economy back on track with stocks tumbling to new lows, housing in a steep decline and consumers prudent over the future. The Federal Reserve will do its job by cutting rates aggressively in the first part of 2008. At the end of January, a rate cut by 50/25 basis points seems to be a possible move, but time may be required to get things going again.
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