LOLFED

CNBC’s interviewing President of the Philly Fed Charles Plosser as I type this; interesting points from the interview include that he has finally noticed we have inflation outside of food and oil, that he preferred a “hem-and-haw” answer to whether there’s a Fed put under Lehman, and, of course, his disavowing that anything the Fed has done could possibly have affected the price of oil.

Looks like Guv Mishkin is a’resignin from the Fed. Don’t think we’ve made a lol out of him yet, so we can’t let him go out without one. This leaves three, count em, THREE vacancies. Which seems like a lot for Dubya to get filled.