English: “Paul Krugman lectured on “After Bush – The End of the Neo-Conservatives and the Moment for the Democrats” to over 500 guests in the jam-packed big lecture hall at the German National Library in Frankfurt” (Photo credit: Wikipedia)

This is a short, MUST READ blog from Nobel Prize winning, liberal, economist, writing in his op-ed column in the NYT. Check it out!

The Fed Fumble – NYTimes.com.

If I understand the conclusion correctly, Krugman is alluding to White House gossip undermining the credibility of the Fed; this could easily cause a serious financial market reversal with a crisis in confidence, in my view. Let’s see what happens with today’s Fed announcement.

Any thoughts?

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