Thursday, October 09, 2008

Three-Headed Monster

And what can be done about it. From The Economist.

I bet we see another coordinated rate cut in three weeks (maybe a full 100 basis points from the Fed).

4 comments:

John said...

I think I'm going to vomit on myself. The only way I want the Government to buy the houses is if they can hold them and sell them later at a higher price, aka SNL scandal plan.

No way this ever happens. Right?

PassTheChips said...

Looks like it's going to be even more drastic. The nationalization of the banks. Gordon Brown in the UK has already done this and it looks like the U.S. is going to follow suit.

Anonymous said...

Perect. The Gov't can buy my house... I will pay a decent rent.

Man I thought this was going to be worse. It truly reads better after several beers.

Anonymous said...

Perect. The Gov't can buy my house... I will pay a decent rent.

Man I thought this was going to be worse. It truly reads better after several beers.