Friday, February 19, 2010

Smoke Signals From the Fed?

Subhead on front-page story in today's New York Times: "Rate Increase Telegraphs to Banks That Era of Cheap Money Is Waning."


Telegraph? Do your teenagers know what the telegraph was?

The Times meant Twitters, right? Or should it be Tweets?

Postscript: Somebody still gets telegrams. The updated article at nytimes.com notes that stock prices plunged around the world.

1 comment:

Eric said...

The end of cheap money can only mean good things for the economy in the long run.