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Forex Trading - Preview of Bernanke

Posted by Forex Bob on Wed, 04/02/2008 - 8:26am in

Expect the overall tone to be positive towards the
feds bail out of Bear. Also there should be three themes :

  • Why the fed didn’t see the crisis building sooner
  • What exactly was in Bear’s book to cause such fear
  •  A theoretical question may arise – as to the role of the lender of last resort and the supervisor of monetary policy and the conflict that may arise from those two charters

The danger to the positive equity markets we experienced yesterday is if the
Bear bail out becomes a political issue and/or if Bernanke says anything regarding other  banks with a similar fate.

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