Archive for September 20, 2007

Fed Slashes Rates, Bank Of England Follows Suit

The coming recession and meltdown is now likely to spread across the Atlantic. This is because the staid BOE has agreed to cut interest rates in order to prod a US-like economic recovery on the back of easy credit. Oh well, at least the Brits won’t have a real estate bubble to worry about.

Meanwhile, the Fed admits this move is only to postpone the effects of the US mortgage crisis. “Recent developments in financial markets have increased the uncertainty surrounding the economic outlook,” Bernanke said. We’re not lowering them to manipulate the stock market, really we’re not.

Quick! Buy Gold!

Best Buddies


OJ Out On Bail: Run, OJ, Run!

We have no sympathy for OJ, but we can empathize with his sorry state of affairs. Trying to retrieve lost pieces of his storied past, he falls into a self-made trap. Now a Las Vegas DA out to make a name for himself [can you say “book deal”?] will attempt to put him away for life, on charges far more ludicrous than the first OJ go-round last century.

After looking into the collectibles dealer he is alleged to have “robbed” [and more], it seems like a case here of criminal-on-criminal crime. Shady behavior on all sides, in a shady hotel room, in shady Las Vegas.

We say, let what happens in Vegas, stay in Vegas. Please, don’t let us know about it!

OJ Making Money

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