[PEN-L:1211] RE: From the rectum

[sawicky@xxxxxxxxxx (Max Sawicky)]

RS:
>The fortunes of the Australian rouble have moved me to cast yet another
rheumy eye at the world.  If, as Jerry Seinfeld would have it, we are at the
butt-end of the world down here, at least we're ideally positioned for the
reading of entrails, eh?>

Just pray for no attack of the trots.

> . . .
>So what's the Fed gonna do?  . . .

Yesterday James Glassman, the libertarian
Washington Post financial columnist, wrote
a piece urging the Fed to ease that could
have been written by Jamie Galbraith or
Jeff Faux.  Made me think of the canary
in the coal mine.

MBS