And That’s The Week That Was: 9.21.07

September 22, 2007 |

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Attached/linked please find And That’s The Week That Was…the Brounes & Associates market/economic commentary for the week ended September 21, 2007.  Circle October 31 on your calendars.  That’s the day we next find out whether Bernanke and friends with provide a “trick” or a “treat” when it comes to future monetary policy.  The ink was barely dry on the latest Fed statement and already investors and economists began speculating about the next move.  Was this larger than expected 50 basis point rate cut a one-time deal?  Will this housing/subprime crisis warrant multiple cuts over multiple meetings?  Will those “unscrupulous” lenders reemerge now that the Fed has helped “bail” them out of certain financial woes?  Will skyrocketing oil prices lead to inflation, the old arch-nemesis of the Fed?  While investors praised the actions of the past week and many chose to put their money where their mouth is (OK…not the best grammar), few have any clues about the next move.  (Maybe Greenspan’s “The Age of Turbulence: Adventures in a New World” can provide some answers.) 

Coming up in the week ahead:  Consumer Confidence (Tuesday), Existing Home Sales (Tuesday), GDP (Thursday), New Home Sales (Thursday), Personal Income/Spending (Friday)
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