An economy on life support
Commentary: No time for 'tap dancing' around banking problems
By Lou Barnes, Friday, April 24, 2009.
Flickr photo by brykmantra.Another week of odd calm ... at its heart a void of information from government. The economy is on life support, but the intentions of the physicians are unclear.
In the data details, nothing new. Mortgage rates still rattle in a very narrow, high-four range, held so low only by the Fed's massive buying. The stock market has shown some buoyancy, holding its ranges: Dow 8,000 and S&P 850.
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