For Bulls, Bears and Birkins. One finance girl's musings about what's going on in the market and the mall.
Friday, June 8, 2012
Mixed messages
Well at least it's Friday. Mixed news overnight. China released a surprise 0.25% interest rate cut. Hopefully cheaper money will get people borrowing/spending/hiring etc and will stimulate growth. However, the US rhetoric was a bit disappointing last night. Fed Chairman Ben Bernanke didn't live up to his Helicopter Ben reputation. Those who were hoping he'd talk about 'flooding the market' with money were sorely disappointed with his prudent statement of 'the Central Bank is prepared to take action' if necessary. I kinda think things are 'necessary' but hopefully Ben knows best.
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