Jul 15, 2008

Hello Peso!

The dollar hit a new low! This is so exciting!
The dollar declined to a record low against the euro on speculation Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson will say credit- market losses are hurting U.S. economic growth.

Apparently, everyone is worried that our two largest home mortgage lenders, Fannie Mae and Freddi Mac, are essentially bankrupt. It's weird what happens when you run your business like a 3 year old, isn't it?

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