It contained a lot of generalized ideas, but it seems like just his thoughts about what the G-7 should discuss.
And if not for the gyrations in the equity market, it would have been a lot thinner.
And it was just more robotic statements about the Japanese yen.
The market's applauding the resolve of the Fed and acting accordingly, ... In that way, its behavior is rational.
I'm struck, ... Originally I thought that in a recession we could get below 5 percent, but we're not even close to one (a recession.)
In the morning, many people thought the Clinton report would hurt the stock market - but it happened yesterday and Wednesday.
What he did was defend his actions rather than quell the fears of systemic risk. I'm really surprised that he'd do more to stem fears of hedge-fund community fallout.
It is a microcosm of events generally hitting the market, ... and it reinforces the notion that there are yet-to-be-reported losses at other institutions that would pose systemic risk.
The bond market expects the stock market to fall very hard ... people are trading scared.
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