A parade of Federal Reserve officials on Sept 23 stressed that more fiscal stimulus is critical to sustaining the economic recovery, and US stocks tumbled as pessimism began sinking in over whether Congress would ever deliver a new aid package.
Quoteworthy: "Hong Kong investors’ love for HSBC is still there, but it’s indeed heart-breaking." –— Simon Yuen, founder of Surich Asset Management, referring to the ongoing slump of HSBC’s share price to a 25-year low.
US Fed pleads anew for stimulus; markets start to give up hope
