Tuesday, September 20, 2005

Darth Greenspan Strikes Again

As expected by pretty much everyone with a brain, the Fed raised
interest rates again today, up now 2.75% from lows of only a year ago.
The prediction is that he will keep right on going the next two
meetings, November 1 and December 13. Merry Christmas. That last rate
hike will make the Prime Rate 7.25%, its highest rate since the previous
millenium.

More later.