The Fed, the central banks of the UK, Canada, Switzerland, and that great banking powerhouse Sweden, as well as the ECB, got together for beers after last night’s presidential debate and drunkenly agreed to cut their respective benchmark rates by half a point. Then they slept together.
alyx // Oct 8, 2008 at 7:27 am
Cutting parties are so, so emo.
LOLFED » Rate Cuts, A LOLFed Retrospective // Oct 8, 2008 at 7:38 am
[...] Bernanke/rate cut posts are always my favorite posts on this site. In addition to today’s cut, a few of my [...]
Lolo, ESQ // Oct 8, 2008 at 9:05 am
you should have seen the ballslurping that went on on CNBC this morning, it was pretty hardcore