Today Ben Bernanke had some optimistic remarks about the future of the American economy. He said that the risk of the "massive downturn" so many predicted in the recent past is now negligible. This lets the Fed shift focus from preventing a recession to mainly stimulating growth and slowing inflation. However, for you investors out there, keep in mind that this implies a rise in interest rates which really hurts the value of Treasuries, especially 2 year.
Monday, June 09, 2008
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