Tuesday, February 10, 2009

Tough Week


Obama didn't get the job done last night during his first prime time address to the nation as President. Actually, if he was trying to scare people about the gravity of the situation, maybe he did get it done. If he was trying to calm and encourage investors, he didn't at futures are down meaningfully.

Oil is still hanging out at $40, signalling no real changes, despite the fact that the Baltic Dry Index has doubled since Christmas and a handful of other commodities have been acting noticeably better.


Geither
and Bernanke both take the stage today, but different stages. I'm not sure what to expect from Geithner, and I'm not sure it matters what Bernanke says.

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