Adam Curry unboxes an HP Media Smart Server. One word: hawt.
Now that oil futures have dropped to less than half of their high of $140 per barrel we ought to look at price vs. consumption. It was only last May when the heads of the gas companies reported on Capitol Hill that the prices were the result of supply and demand. If that is true, we should expect to see a downtrend in consumption.
NYTimes: “The Federal Reserve, the European Central Bank and other central banks from Britain and Switzerland to Canada and China announced rate reductions within seconds of each other.” Markets still down.
Sitting on the plane today watching CNBC, I couldn’t help but think the financial markets are engaging in a game of chicken with the Fed. Is it possible that things could finally shake out and start to turn around if the market knew that the rules have stopped shifting?
NY Times: “After long favoring a hands-off approach and relentlessly pursuing deregulation, the administration found itself interceding repeatedly in the private market this year to avert one calamity after another.”