Saturday, January 31, 2009

Another early sign of recovery

Another early sign of economic recovery here (via):
The market’s ability to absorb the maturing debt may build confidence that U.S. companies are able to fund themselves without government support, said Deborah Cunningham, chief investment officer for taxable money markets at Federated Investors Inc. Investors, betting the commercial paper market has stabilized, pushed interest rates to record lows this month and bought the most 90-day debt since September, Fed data show.
Again, the democrats better hurry. Every emergency is an opportunity to push through unpopular agendas (as Obama Chief of Staff Rahm Emanuel said). The democrats may not have another chance for a while to push through such a destructive and unpopular set of legislation.

No comments: