My New Blog

     What will the fed do? There has been more bad news today, this time from Countrywide as the lending institutions continiue to get pounded over the subprime meltdown. The smart money is predicting the Fed will lower the benchmark overnight rate to free up more money within the next two weeks.

     If President Bush wants to start looking like a leader, here's his defining moment. Get Mr. Bernanke to the White House for a meeting and get it done. Wall Street has had a rough week and it won't get prettier unless investor's fears are calmed. I for one am hoping September will see a turn around.