And That’s The Week That Was: 12.7.07

December 7, 2007 |

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Attached/linked please find And That’s The Week That Was…the Brounes & Associates market/economic commentary for the week ended December 7, 2007.  This week, President Bush did his best Superman, Batman and even Underdog imitations (anyone know his motto?), by announcing a plan to “bail out” the most unsophisticated of subprime mortgage borrowers and many (greedy) financial institutions.  (Of course, the term “bailout” may not be the most appropriate description since his Administration is not in the business of Federal handouts.)  With investors basking in the collective glow that someone is finally doing something to help remedy the situation, all eyes will be on Bernanke and friends who meet next week to set monetary policy for the last time in 2007.  It’s been quite a roller coaster ride this year, hasn’t it Dr. B.?  Do you have a nice holiday offering in the form of a (larger than expected) rate cut? 

Coming up in the week ahead:  Fed Policy Meeting Statement (Tuesday), Retail Sales (Thursday), PPI (Thursday), CPI (Friday)

Comments