Tuesday, Feb 12, 2008
Sounds like a high stakes poker game
The Guardian: The central bankers can't all be right
So who has got it wrong? The honest answer is we don't know and are unlikely to know for some time. In the short-term, the Fed would consider it a job well done if lower short-term interest rates helped stabilise the housing market; it would, though, be a pyrrhic victory if cheaper money simply led to another episode of the bubble economy.
Posted by stevie dee @ 02:57 AM (142 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.