| From Resourceinvestor.com: We wondered this very morning whether the effect of the Fed's near-emptying of its rate-cut 'bullet magazine' would last any longer than Sarah Palin's post-election popularity. Well, we no longer need to wonder. The dollar-negative impact was about as long-lived as that surge in the polls.
Well, we no longer need to wonder. The dollar-negative impact was about as long-lived as that surge in the polls. Expectations early this morning were that the U.S. economy would show as steep a rate of shrinkage as Sen. Ted Stevens' fanbase. Well, the GDP data showed less of a decline than expected for the past quarter, and first-time jobless claims were unchanged..... Full Article: Source
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