calming a roiled market
August 17, 2007Perhaps you heard about the turmoil in the stock market over the past few days (weeks). If you own stock, maybe you got sick to your stomach. I spend huge amounts of time staring at numbers, and yesterday, for a long while, I took those numbers off my screen. Went outside. Looked at the tomato plants, deadheaded some flowers. Dropped my camera.
The Feds did their best to soothe matters. When they massage the market, they do it with lots of bucks, $78 billion, in fact. So what exactly does that mean, putting billions into the economy? This is the internet, we have the answer.
