The Fed’s decision regarding the interest rate should be announced in 15 minutes – around 2:15 pm EDT.  If the Fed decides to cut the rate – because inflation easing over 2 months is “good enough” after the last 12 months of it climbing out of control – there should be riots.  I’m not joking.

As originally seen on BccList.com here, the only thing a rate cut does is screw the American consumer.  If the rate does get cut, get ready to pay $4.50+ a gallon of gas as inflation increases significantly and the value of the dollar tanks.

Update: NO CHANGE – There is a God!!!!  Oil should continue to trade lower than $92 (price as of 9/16) a barrel.  Short oil futures and big oil stocks as originally seen on BccList.com here.

It’s amazing that the mccain camp thinks they can get away with this crap.  After 2000 and 2004, we’re not collectively as stupid of a country as we used to be.

http://www.newsweek.com/id/158265/output/print

The ridiculous mccain camp “fact check” ad:

Want to keep up with mccain’s embarrassing lies.  Check out…

http://www.mccainpedia.org/index.php/Count_the_Lies

http://www.nytimes.com/2008/09/16/science/16angi.html?partner=rssnyt&emc=rss

Wow, it all makes sense now!

“You are shopping in a busy supermarket and you’re ready to pay up and go home. You perform a quick visual sweep of the checkout options and immediately start ramming your cart through traffic toward an appealingly unpeopled line halfway across the store. As you wait in line and start reading nutrition labels, you can’t help but calculate that the 529 calories contained in a single slice of your Key lime cheesecake amounts to one-fourth of your recommended daily caloric allowance and will take you 90 minutes on the elliptical to burn off and you’d better just stick the thing behind this stack of Soap Opera Digests and hope a clerk finds it before it melts.

One shopping spree, two distinct number systems in play. Whenever we choose a shorter grocery line over a longer one, or a bustling restaurant over an unpopular one, we rally our approximate number system, an ancient and intuitive sense that we are born with and that we share with many other animals.”