That's about all I can say. Tuesday, Jan. 22, 2008 turns about to be a weird day....In an emergency meeting, the Fed cut the federal funds rate 75 basis points! Here's the link:
http://biz.yahoo.com/ap/080122/fed_interest_rates.html
It perhaps should be noted that Ball State University's Fed Challenge team noted an interest rate move to 3.5% over 2008. Of course, that data is a couple months old, and haven't done the analysis, but there may be even further rate cuts in the future.
Again, this is after the Bush Administration supported a $150 billion "stimulus" package for the economy... displaying the government's role/politics in dealing with our macro economy. For our meeting thursday I'd like to go over some of these new issues both through candidate rhetoric and what the Fed has said for its recent actions.
Aside from this, actor Heath Ledger died today. He seemed to be a pretty courageous person, and wish well to those involved with him. If you haven't seen any of his work, do yourself a favor and see him.
Until then, keep your eyes and hearts open.
James
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