September 20th, 2007

toroko

cramer has NO IDEA how seriously bernanke took him! NO IDEA!!

So Bernanke cut the rate after all. By fifty points.

I have no idea what that means, but apparently it's a lot. Cramer must be happy. (As are banks, and homeowners afraid of losing their homes.)

In related news, what's wrong with this picture?

Yes, that's right. The exchange rate between the US dollar and Canadian dollar--it's gone! The USD has fallen so low that for the first time since 1976, it and the CAD are worth the same.

THIS IS ARMAGEDDON
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    nerdy accountable