Powered by WebAds

Friday, April 20, 2007

Word on the $treet

Stanley Fischer (Govenor of the Bank of Israel) is calling for the public to write in and present their arguments as to how and when to cancel publishing representative foreign exchange rates.

Fisher really believes in invisible hands and free market forces - even after his little intervention correction last week.

If the Bank of Israel doesn't do it, someone else will. Certainly without the Bank of Israel's "correction", last week's slide may have reached thr 3.96 level.

Good for him.

No comments: