TSXV:PEM.P - Post by User
Post by
Xcal911on Aug 11, 2010 2:03pm
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Post# 17342049
It's starting.....
It's starting.....Why are markets red today??
"The main reason behind the fall was waning enthusiasm to the Fed's decisionTuesday to reinvest the annual proceeds from maturing mortgage backed securitiesinto the U.S. government bond market in an attempt to drive down borrowing costsand help the economy refind its footing. In the cold light of day, investors areworried that the measures don't amount to much — most economists reckon it'sonly worth just over $10 billion a month"