Thursday, February 14, 2008

Downside Risks

http://www.bloomberg.com/apps/news?pid=20601087&sid=afhqEZYKpMJw&refer=home

"Federal Reserve Chairman Ben S. Bernanke indicated that policy makers are prepared to lower interest rates further to revive the economy as banks make it more expensive to borrow.

"The Fed "will act in a timely manner as needed to support growth and to provide adequate insurance against downside risks," Bernanke said in the text of prepared remarks to a Senate Banking Committee hearing today."

Downside risks? Did he say downside risks?! Oh my God! No one told me about downsides!

Sell!!!

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