Entries tagged "transition"
It's always difficult to draw definitive conclusions from the markets -- particularly in these volatile times. What was Thursday all about? Was it Citigroup Inc., the financials in general buffeted by a larger recession, the off-track Detroit rescue, or simply, as Andy Kessler wrote Thursday in The Wall Street Journal, massive year-end selling? Or was it, as Paul Krugman suggests Friday in The New York Times, the growing sense of a vacuum in economic policymaking as the lame-duck Congress crawls out of D.C. and as Henry Paulson seems to be closing up shop, or at least tending to his legacy,...
