Dow stumbles on expected Bernanke statements
Posted in News
Checking the live stats on the Dow shows a abrubt dip as Fed Cheairman Ben Bernanke starts to point towards a tighter monetary policy. We all knew it was comeing and so far the ractions are what you might expect. Bernanke´s statement comes at a time when a lot of factors are balancing on the edge and is more a result of the testimonial request of the House Financial Services Committee than of a immediate action-plan.
Of more immediate concern is the result of the thursday European Union summit agenda on the Greek economy. On cue for the event, Greece is hit by a civil servant strike that is closing schools, grounding air traffic and more.
So, will the EU dip into their pockets to bail out Greece?… What pockets would those be?
Related posts:
- Greece gets help from EU in more trouble
- Standard & Poor grades Greek economy as junk
- Senate supports Bernanke for second term
- China lifts the Dow but not enough
- EU will not help Greece
Seed Newsvine
