September 5th, 2007
Optimizism Out Of A Mess
The recent response from Fed Reserve Chairman Bernanke has given way to new optimizismin the global marketplace. As we see fears begin to subside and signs of the Fed governments willingness to step in a help assist the recent problems, Business Week reports that:
A range of market experts believes there is reasonable cause for optimismafter a summer that shook investor confidence and rattled the nerves of bankers and traders. Josef Ackermann, chief executive of Deutsche Bank (DB), said on Sept. 4 markets are stabilizing and he is “optimistic about the environment globally.”Ackermann said he took comfort from the actions of central bankers around the world, who stepped in to provide liquidity to frozen markets. If history is any guide, last month’s reduction in the discount rate may be enough to signal a move higher in stock prices.
Posted by scott on September 5th, 2007 in Economic Info |

