Tuesday, March 18, 2008

Another kind of Wile E. Coyote moment.

If you follow economic commentators you may have heard an expression "Wile E. Coyote moment", usually applied to US economy or dollar. This describes the coyote running off the cliff, and then running for a while before he realizes he is in the air and he must fall. Only then does he actually fall.

But I found a completely different kind of Wile E. Coyote moment that captures perfectly the plight of the Fed as it tries to calm the markets. Click the link and enjoy!

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