Fed reserve rate, Inflation, soda machines
Busy month/week/days, just a few observations and and some linkes for now:
The DOW shot up 250+ today on news of the federal reserve rate being cut from 5.25% to 4.75% – good news for stockholders and people with a lot of debt……bad news for everyone in long run in terms of inflation and the overall strength of the dollar (The Euro is already at an all time high against the dollar) There is also talk about the overall strength of the economy being in bad shape, and there is a recession looming around the corner. It might prove to be a temporary fix and ignoring a much much larger problem.
Meanwhile just today the soda machine at work just went from $1.25 to $1.35 coincidence?
Linkes for 9/18/2007:
Obama Tax plan iteresting ideas
Gold at $718/ounce and climbing
Glen Grant Threads and Obake stories starbulletin | wiki | hawaiistories