Fed Slashed Rates by 75 Basis Points in a “suprise” move before the FOMC meeting. The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, cut a key interest rate by three-quarters of a percentage point on Tuesday. The Fed said it was cutting the federal funds rate, the interest [Continue]

….it smells like……inflation! for anyone who wasn’t watching the markets this last week and especially over the 3 day holiday in the US…. aoooga a ooooo ga….DIVE! DIVE! utter pandamonium it seems. the reality is that given the magnitude of the runup, to be down 20% in hong kong, shanghai, or mubai is really not [Continue]

Well, My fat mouth *may* have finally caught up with me. Obama cleaned Hillary’s clock in Iowa — jeez even that populist farce Edwards beat her out. Well, rather that get all hopeful that Americans have wised up to the ways of the Clintons, or put much stock in a few thousand farmers, I’m going to [Continue]