This showed how concerned we were and how prompt we were to react to emerging financing difficulties which would have made it impossible for us to keep our economy on an even keel. There were a few other things that we did even before the crisis unfolded.
Second, the perception that market mechanism will efficiently make automatic correction against shortrun dynamics. As a result, risky asset prices have risen too much, too soon, and too fast compared with macroeconomic fundamental. Simply to say, asset price bubbles fueled by this too enthusiastic retort is and will always be our main short-run implication of the speculation builds up around the exit strategy issues.