Wednesday, June 14, 2006
i feel cheated!- the fed came out with their own
version of the cpi--(lol- guess they aint drinking wallstreets koolaide either) but the momo traders are still promising me this is the bottom of the market and the dow will rally +140 points----that should be interesting.
"drop out of bed"
by: ahorseof (46/M/Lancaster) 06/14/06 01:00 pm
Msg: 214304 of 214327
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com: 20060614:MTFH31482_2006-06-14_16-40-19_WBT005548&type=comktNews&rpc=44
HALF MOON BAY, Calif., June 14 (Reuters) - Federal Reserve Board Governor Susan Bies said on Wednesday the U.S. central bank wanted to see the economy slow, but did not want to see it "drop out of bed."
"Sustainable growth is probably somewhere around 3.5 (percent) or maybe a little less in the next few years. So, we've got to come from 4 percent plus down to say low 3 percent ranges," Bies said as she answered questions at a conference sponsored by the Mortgage Bankers Association.
"We clearly don't want to see it just drop out of bed," she said.
http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=7081860&tid=fnm&sid= 7081860&mid=214304
"drop out of bed"
by: ahorseof (46/M/Lancaster) 06/14/06 01:00 pm
Msg: 214304 of 214327
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com: 20060614:MTFH31482_2006-06-14_16-40-19_WBT005548&type=comktNews&rpc=44
HALF MOON BAY, Calif., June 14 (Reuters) - Federal Reserve Board Governor Susan Bies said on Wednesday the U.S. central bank wanted to see the economy slow, but did not want to see it "drop out of bed."
"Sustainable growth is probably somewhere around 3.5 (percent) or maybe a little less in the next few years. So, we've got to come from 4 percent plus down to say low 3 percent ranges," Bies said as she answered questions at a conference sponsored by the Mortgage Bankers Association.
"We clearly don't want to see it just drop out of bed," she said.
http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=7081860&tid=fnm&sid= 7081860&mid=214304
# posted by tagthatstock @ 10:54 AM 
