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Odds 'n Sods:
The Fed blinks. From Bloomberg: Federal
Reserve Lowers Rate to 4.75 Percent, First Cut Since 2003. This rate
cut can only spell further weakness in the dollar versus foreign currencies.
If
the Fed
has misjudged the patience and charity of the international financial community
(and I think that they have), then be ready for a full scale dollar
crisis in the next few months. OBTW, did you notice that spot silver
jumped to $13 per ounce and gold to $724 in after-hours New York trading?
I told you so...
o o o
RBS sent us this: Fears grow for British economy as panic over Northern Rock
spreads
o o o
Iraq's
government decides to expel Blackwater mercenaries.
o o o
Mark and Nathan both suggested this link: Should
teachers be allowed to pack a gun?
