Saturday, November 8, 2008

More of the same - take a look at Obama's Economic Advisory Board

The economic advisory board includes former Treasury secretaries Robert Rubin and Lawrence Summers, former Labor secretary Robert Reich, former chair of the National Economy Council Laura Tyson, former Federal Reserve Chairman Paul Volcker and billionaire investor Warren Buffett.

Analysts and traders said they did not hear any surprises from Obama in his news conference.

"He is sending a strong message that he is already on the job," said Greg Salvaggio, senior currency trader at Tempus Consulting in Washington. "He is showing he will be ready to hit the ground running and that should provide some confidence to markets. But the truth is that this economy is hemorrhaging. " "

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