Tuesday, December 11, 2007

December 11

Fed funds rates...discount window rates....slowing economic growth.........

Listening and watching to the financial media pundits today was truly a lesson in business. The media product, telling the masses what will happen before it happens. The viewers, sucking it in like the Holy Grail to understand what will happen to their money when the Fed cuts rates.

The S & P trading down 2.5% at today's close. The fire drill at the NYSE today at the market's close may have been prescient.

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