Tuesday, August 10, 2010

What to Wear on FOMC Day

The Tweet of the Day comes  from John Carney:
What does one wear for a day that's all about the FOMC?
The Fed is expected to issue a routine statement on rates today, following the Fed Open Market Committee Meeting. While no rate cut is expected, the Fed is expected to acknowledge we are in the second leg of the Great Recession, by issuing a statement that is significantly different from recent Fed announcements.

Whatever the exact wording of the statement, the meaning will be something like this: We aren't printing yet, but we just rented more warehouse space for a bunch of new green ink that we just bought.

The answer to John's question is: You wear green rain gear but any accompanying jewelry should be all gold.

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