Sunday, August 1, 2010

The power of words!

Here are words in modern “fed speak” – “extraordinary exuberance” and “unusual uncertainty”. The former introduced by the former Chairman of the Federal Reserve Alan Greenspan and the latter by the current Chairman of the Federal Reserve Ben Bernenke. What cleverly crafted phrases to capture the attention of the public! Eventually both phrases mean “nobody knows the basis for what is happening in the market/Wall Street”!