sy liat pas dia ditanya kapan eko us bakal pulih, dia bilang longterm bakal
pulih, ditanya lagi define long term , dia bilang more than 1 year, sejak saat
itu dow dr minus 80 loncat minus 106,langsung cepet banget turunnya
berarti emang bener sub prime mess kl ini lebih parah dari krisis us thn 2002,
sulistyo_winarto [EMAIL PROTECTED] wrote:
Stimulus Plan, Rate Cuts May Be Too Little, Too Late
cnbc
When it comes to looming Fed rate cuts and a potential economic stimulus
package from Congress, Wall Street is sending a clear message: Too little, too
late.
In testimony before Congress, Fed Chairman Ben Bernanke came out in favor of
an economic stimulus plan and repeated he was ready to cut rates further.
President Bush and Congress, meanwhile, began talks on what would go into a
possible stimulus package. Bush is scheduled to talk about the plan on Friday.
But investors weren't buying it. As soon as Bernanke began speaking Thursday
morning, the major indexes started falling--and kept falling.
The market's probably tired of a lot of talk, no action, said Chris Mayer,
managing editor at Capital Crisis. The last time the Fed cut rates like this
was from 2001 to 2003, when the market fell 45 percent. Rate cuts aren't
necessarily a cure-all.
Bernanke has come under fire for not grasping the depth of the problems that
have confronted Wall Street and the economy as a whole.
His speech before Congress Thursday morning did little to assuage his
detractors.
It's too little, too late, number one, said Larry Edelson, senior analyst
at Money and Markets. I don't know where Bernanke's been for the last six or
nine months, what planet he's been on, but he certainly missed the boat on this
one.
As for Congress, the sentiment is little better.
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