The Trading Floor

[mick]

excerpt from greenspanomics today. it is interesting but nothing new.
04/20/04 : greenspanomics
The Federal Reserve Chairman told the Senate Banking Committee that signs
of deflation were no longer an issue as the U.S. economy has gathered steam
in recent weeks. He also noted that banks are likely to be much better at
weathering interest rate changes than they had been in the past. The
commentary revived jitters about rising interest rates.