My money is on it being significant..... but that's me....
"As several debt offerings faced resistance yesterday, bankers and investors began to wonder whether the tremors coursing through the nation's debt markets signaled that the buyout boom is in jeopardy or just suffering a temporary setback."
"Bankers said investors have grown wary of debt deals that offer few financial protections and yields that don't reflect potential risk."
"Kia Motors Corp., South Korea's second-largest automaker, canceled plans for a $500 million bond sale this week, joining at least seven companies abandoning borrowing as investors cut demand for riskier assets. "
"A cocky investor can be a market's biggest patsy.
The huge losers these days as the value of high-risk mortgages collapse won't be the little guys of financial lore but managers of treasure lodes like pension funds and hedge funds. "
"For immediate release
The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent.
Economic growth appears to have been moderate during the first half of this year, despite the ongoing adjustment in the housing sector. The economy seems likely to continue to expand at a moderate pace over coming quarters.
Readings on core inflation have improved modestly in recent months. However, a sustained moderation in inflation pressures has yet to be convincingly demonstrated. Moreover, the high level of resource utilization has the potential to sustain those
In these circumstances, the Committee's predominant policy concern remains the risk that inflation will fail to moderate as expected. Future policy adjustments will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Thomas M. Hoenig; Donald L. Kohn; Randall S. Kroszner; Cathy E. Minehan; Frederic S. Mishkin; Michael H. Moskow; William Poole; and Kevin M. Warsh."
Where We Are, Where We're Heading (2013) - The annual 2013 Ticker
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