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Presently, many veteran market watchers, including this one, reckon odds are 50-50, or just a bit higher, that the Fed will announce a fresh monetary stimulus package at Jackson Hole, or at the FOMC meeting in September.
FORBES: Gold Weaker on More Profit Taking, but Bull Flag May be Forming on Chart
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The revenue figures inflated to keep share prices high and package a shaky business as rosy, revealed a hole well above Rs 7, 000 crore and reminded many of the Enron case in the US that led to the conviction of key executives.
FORBES: Satyam Settles; PwC Left In Lurch
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Unfortunately, points out Russell Jones, an economist at the Tokyo branch of Lehman Brothers, although the package is a big one, the size of the hole in private demand that it is being asked to fill is getting bigger by the day.
ECONOMIST: The yen