Are you still our man in Turkey?

Regardless, today was hardly pretty and whaddabout that dollar? Ouch!

No, no. It's all part of the strategy to make US manufacturing competitive without other structural changes (universal health care), and reduce the costs of the Federal Government's commitments.

Hah! take that China. Your stinking $1 Trillon of our worthless paper is now worth $900 Billion. So there! And cut out the lead paint, ok?

today without the "sugar high" they got yesterday...

Yes, my equities were down, but my Pimco Commodity and basket of currencies made up the difference.

a rate cut and an interjection of $41,000,000,000 into the economy by the Fed yesterday.

http://apnews.excite.com/article/20071101/D8SL1QF80.html

WASHINGTON (AP) - The Federal Reserve pumped $41 billion into the U.S. financial system Thursday, the largest cash infusion since September 2001, to help companies get through a credit crunch.

The action comes one day after Fed Chairman Ben Bernanke and all but one of his central bank colleagues voted to slice a key interest rate for the second time in six weeks to protect the economy from the ill effects of collapse in the housing market, aggravated by the credit troubles.

The cash injection also came as Wall Street took a nosedive Thursday. The Dow Jones industrials were down more than 260 points in afternoon trading.

The Fed on Wednesday ordered its key rate, called the federal funds rate, to be lowered by one-quarter percentage point to 4.50 percent. That followed up on a bolder, half-percentage point cut in September. Those two rate reductions might be sufficient to help the economy make its way safely through trouble spots, Fed policymakers indicated.

The funds rate affects many other interest rates charged to millions of individuals and businesses and is the Fed's most potent tool for influencing economic activity.

The Federal Reserve Bank of New York, which carries out the central bank's open market operations, moved Thursday to inject $41 billion in temporary reserves into the U.S financial system. It came as part of ongoing efforts designed to ensure that the markets - which have suffered through a period of turbulence over the last few months - function smoothly. The cash infusion came in three separate operations.

A New York Fed spokesman said it was the largest single day of operations since $50.35 billion was pumped into the system on Sept. 19, 2001, following the terror strikes on New York and Washington. He declined further comment.

I did inhale.