You make some good points neil but 1 Swallow does not make a spring.
I'm wary, the Fed move had an air of desperation about it.
The $100b you refer to assumes that investors didn't gear into the hedge funds - they most certainly have, in some cases there would be several levels of gearing into a dud motgage in a falling real estate market.
Caution is called for, today's reaction was way over the top in my opinion, I hope I'm wrong.
You make some good points neil but 1 Swallow does not make a...
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