Tuesday, September 18, 2007

Fed meeting today

If you weren't aware there is an important Federal reserve meeting today, where the bank is expected to cut the fed funds rate either 25bps (5.0%) or 50bps (4.75%). "Bps" is a financial term that translates as 1% = 100bps.

You can read our current Fed chairman's views on the Great depression here. It's a bit complicated for someone with no macro, but it will be interesting to see how much you "get" now versus how much you "get" after finishing the course. (Of course, I will explain things in plain english).

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