SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Naked Truth - Big Kahuna a Myth
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Joseph G. who wrote (9792)10/29/1998 1:28:00 PM
From: Cynic 2005  Read Replies (1) of 86076
 
Spin doctors from the PPT at work:

Thursday October 29, 12:51 pm Eastern Time
(Note: this article is ''in progress''; there will likely be an update soon.)

Financial markets are calming down-Fed's Kelley
HOUSTON, Oct 29 (Reuters) - Federal Reserve Governor Edward Kelley said on Thursday financial markets appeared to have become less volatile lately, a development welcomed by the U.S. central bank.

''I hope that the financial markets are in the process of calming down,'' Kelley told a year 2000 banking symposium in Houston, Texas. ''I think we've had less volatility in the last few sessions and that's a good sign...it's a little too early to say it's all over.''

Reviewing liquidity conditions in the economy, the Fed governor noted that a recent credit crunch caused by an international financial crisis seemed to be easing.

''That idea of a credit crunch has cropped up in some cases and some places and I'm not concerned about that,'' he said. ''It is true that the capital markets with all of the volatility of the last couple of months have gotten very tight and credit flow through those channels has been very difficult, but the banking system has been picking up the slack.''
----
Volatility is defined (by the Feds, Bulls and the US Congress) as intense downward pressure on prices. In other words, a 10% move up in 2 days is OK but a 10% down move in 2 weeks is considered volatile!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News