Five Things You Need to Know: Touchy-Feely Fed; Friday's Recommended Read: Does Fed Transparency Fuel Growth?; Housing Woes Only Affecting People With Jobs; Punk Is Dead; A List of Random Depressing Things

By Kevin Depew  APR 20, 2007 11:09 AM

What you need to know (and what it means)!

 


Minyanville's daily Five Things You Need to Know to stay ahead of the pack on Wall Street:

1.  Touchy-Feely Fed

Yesterday's April Philly Fed survey came in below expectations at 0.2. 


2.  Friday's Recommended Read:  Does Fed Transparency Fuel Growth?

One of the (few) fundamental differences between the Bernanke-led Fed and the Greenspan Fed is the stated goal of making Fed policy decisions and policies "transparent." 


3.  Housing Woes Only Affecting People With Jobs

In yet another sign that housing problems are contained to only those sectors of the economy that employ people, subprime lending units of General Electric and GMAC announced a total 1,400 job cuts yesterday afternoon. 


4.  Punk is Dead

Here's a quick, 10-second lesson about financial markets from singer/songwriter David Berman

"Punk rock died when the first kid said, "Punk's not dead, punk's not dead."
- Tennessee, Silver Jews


5.  A List of Random Depressing Things

Below is a list of random things we found depressing this week.  It helps to talk about them.

No positions in stocks mentioned.

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