The Federal Reserve should buy back at least $750 billion worth of treasuries to keep interest rates down and promote spending. If inflation is a concern than increasing rates would be the answer. By keeping too much cash in the system it send a negative picture to the street. Earnings have been rolling in and have been descent but this was to be expected as lay-off and cost savings have hit many companies’ bottom lines. Obviously you know this is one of my pet-peeves. Cost savings should not be considered earnings and should be a negative not a positive. Companies want to reach Wall Street’s expectations and they will do whatever it takes to get there.
