Unless the Bush administration can successfully counter recent criticism, Bush and consumer confidence might continue to flounder. If so, the markets will justifiably worry about Bush's chances of re-election.
Greenspan's comments have been so specific to the markets and costs. The price index was worse than the market would have liked.
Greenspan's comments have been so specific to the markets and costs, ... The price index was worse than the market would have liked.
The risk aversion was a touch smaller today, but it was more of a toe-step into the markets that were beaten up badly.
This is not a good way to intervene, to tell the markets ... What you want them to do is panic their way out of their positions.