Heavy Lifting - thoughts and web finds by an economist
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Tuesday, September 25, 2007
Here's an informative article at CurrencyTrading.net titled "When the Fed says X, they really mean Y (A Handy Translation Book)".
Here's the synopsis:
Former Fed Chairman Alan Greenspan was notorious for his cryptic speeches and thus far his replacement, Ben Bernanke, doesn’t seem to be much clearer. Now that you’re armed with this handy translation book, however, the next time the Fed says something that sounds more like Greek than economic forecasting you’ll not only understand what they mean, but also be able to make smart investment decisions using that information.
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