tag:blogger.com,1999:blog-5713178645208582139.post4613519487547676145..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: The Fed's Big SupriseDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5713178645208582139.post-58729823105318506912007-09-18T23:50:00.000-05:002007-09-18T23:50:00.000-05:00Interesting:The loonie closed at 0.9864 US dollars...<A HREF="http://afp.google.com/article/ALeqM5hycdVN3jePJ2URyoNvBxkRP5fxUg" REL="nofollow">Interesting</A>:<BR/><BR/>The loonie closed at 0.9864 US dollars, after touching 0.9874 US in the day's trading, its highest level since January 1977, according to the Bank of Canada.<BR/>. . .<BR/>In the past half decade, the loonie was highest in August 1957, at 1.0613 US, and lowest in January 2002, at Brian A.https://www.blogger.com/profile/17825560573657287082noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-79651943262104299892007-09-18T23:46:00.000-05:002007-09-18T23:46:00.000-05:00Barry Ritholtz puts it succinctly:"The Fed now has...Barry Ritholtz puts it <A HREF="http://bigpicture.typepad.com/comments/2007/09/bernanke-blinks.html" REL="nofollow">succinctly</A>:<BR/><BR/>"The Fed now has a third problem to deal with: <I>They have become Wall Street's bitch</I>. They may find that's a difficult condition to wriggle out from . . ."<BR/><BR/>Either that, or the Fed sees some pretty scary things submerged beneath the surface.Brian A.https://www.blogger.com/profile/17825560573657287082noreply@blogger.com