Wednesday, August 22, 2007

Economy Collapses As Bernanke Twiddles Thumbs


Credit crunch lowers prices of base metals - from Purchasing.com:

"Prices of many nonferrous and precious metals have gone into a freefall ..."

"Buyers also report to Purchasdingdata.com that orders to their companies from the housing, appliance, durable-goods and information technology sectors are coming down, so they, in turn, are planning to buy less production metals."

"... financial services customers are holding back on orders for new communications and computer service ..."


Can you give us a half-point cut there, buddy, before we all end up eating DOG FOOD??

And we're talking about a cut in the Fed Funds rate - not that goofy Discount Window Rate crap that nobody uses anyway...

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