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Too Little Too Late

Posted on Jan 23, 2008

Olle Johansson, Sweden



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By purplewolf, January 23, 2008 at 12:55 pm Link to this comment

Bush says: Hey, wait, does this guy have a DNR?

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By Jake, January 23, 2008 at 12:46 pm Link to this comment
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This character looks almost like President Hoover!

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By Douglas Chalmers, January 23, 2008 at 5:41 am Link to this comment

The stock market already got a stimulus package - but they’re still thinking about who else they might deign to bother to assist….. maybe, uhh.

A 3-in-one huge 0.75% reduction in interest rates means that the real interest rate after allowing for the inflation margin is only 1.0%!!!

That’s heading towards a Japan-style “carry trade” in the US$, ha ha. What happens next - a deflationary black hole???

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