Wednesday, October 15, 2008

(tripple take)

Say WHAT???

Under the headline "Iceland Slashes Rates, Seeks Rusian Help", Reuters is reporting that Iceland's central bank is aggressively attacking their financial crisis by slashing interest rates from 15.5% to 12%.


Can things really be bad in America when our Fed Funds rate is 1.75?

Or is this why things are so bad?

15.5%? Are you sure? The Russians?


Post a Comment

<< Home