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Old 05-29-2008, 10:55 AM
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Default Rats Jumping?

http://www.ft.com/cms/s/0/1236ef72-2...077b07658.html
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The surprise decision by Federal Reserve governor Frederic Mishkin on Wednesday to quit the US central bank will rob Ben Bernanke, the chairman, of one of his closest intellectual allies at an exceptionally difficult moment for monetary policy.

The economy is either in or near recession and credit markets are still fragile, but the soaring price of oil is raising the risk of inflation, putting the Fed in a very difficult position.
Are the rats going to start jumping from the burning ship known as the US or will they stay on board and drown?
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Old 05-29-2008, 10:57 AM
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Is that the new one by Dave Matthews?
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