for the wall street journal and david gergen. what was behind the selloff, er? i was talking to a few investors today what ben bernanke said yesterday, anderson what is the market expected him to same we know things are weak we know europe is a very severe issue but him saying it, even though they knew he was going to say it makes people more worried, people are kind of looking for nothing hold on to, maybe for a little bit of hope, why you see this people are saying this is a rather dramatic selloff and might see stablization that isn t the same thing as saying we aren t in a real economic problem. we know that we are. and steven, seems like the markets were also underwhelmeded by the fed s latest moves to kick start the economisome there anything at this point that policymakers can do to raise expectations? certainly not the fed. anderson, certainly not the fed. the fed has been deluging the economy with money for the last three years and the idea of more purchases
saying it, even though they knew he was going to say it makes people more worried, people are kind of looking for nothing hold on to, maybe for a little bit of hope, why you see this people are saying this is a rather dramatic selloff and might see stabilization that isn t the same thing as saying we aren t in a real economic problem. we know that we are. and steven, seems like the markets were also underwhelmed by the by the fed s latest moves to kick start the economy. is there anything at this point that policymakers can do to raise expectations? certainly not the fed. anderson, certainly not the fed. the fed has been deluging the economy with money for the last three years and the idea of more purchases of government bonds by the fed, which is what ben bernanke announced yesterday, i m not sure sure they had a very camel effect. i think erin is right. i think the president s message this week wasn t very helpful. as you know, anderson, on monday, the president announc