Friday, January 18, 2008

Is It Bigger Than A Breadbox?

This was gold!

Poulson, while trying to avoid questions about the exact size of a proposed stimulus package, answered "I don't want to play 'is it bigger than a breadbox?'"

It's hard to say what the DOW (and hence the AUDJPY) is going to do with this. Obviously, it's better for the economy than not having incentives, so it must have some impact. It also shows the government is serious about the issue -- whether or not it will have the desired impact.

I'm currently watching a bit of a bounce in the AUDJPY. Perhaps people are buying companies that are going to benefit from the impending temporary increase in consumer spending?

However, when the president was speaking we saw a decline...

No comments: