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The Ben And Jerry Show
Sep. 19th, 2007 11:59 amApparently Ben Bernanke didn't want to cut interest rates at all. But, since he was being forced to, he decided that he might as well cut them by more than people expected. This is the John Authers line in the FT, claiming that Bernanke acted as he did "for reasons of game theory".
Well, it certainly fucking caught me out. If there was going to be a surprise, I really thought that it might be no cut at all. Bollox.
However, there's a storm a'brewin. And it's not even a metaphorical financial storm. It's a real one, as yet unnamed. But, if and when it stops being a depresion and becomes a storm, it will be called Tropical Storm Jerry. Yes, we have a Ben and Jerry "perfect Storm" potential.
Amazingly, there is a Ben and Jerry College for climate change (www.climatechangecollege.org). I clicked on this out of idle curiosity, and was riveted by its opening screen. The world as an ice-cream cornet, melting in the sun, followed by the slogan "if it's melted, it's ruined!".
Yes, the world is apparently one giant ice cream. Given that ice cream melts when we get above a temperature of just a few degrees centigrade, I think that this explains a lot about environmental change. The world isn't getting hotter -- it's just turning into an ice cream.
Well, it certainly fucking caught me out. If there was going to be a surprise, I really thought that it might be no cut at all. Bollox.
However, there's a storm a'brewin. And it's not even a metaphorical financial storm. It's a real one, as yet unnamed. But, if and when it stops being a depresion and becomes a storm, it will be called Tropical Storm Jerry. Yes, we have a Ben and Jerry "perfect Storm" potential.
Amazingly, there is a Ben and Jerry College for climate change (www.climatechangecollege.org). I clicked on this out of idle curiosity, and was riveted by its opening screen. The world as an ice-cream cornet, melting in the sun, followed by the slogan "if it's melted, it's ruined!".
Yes, the world is apparently one giant ice cream. Given that ice cream melts when we get above a temperature of just a few degrees centigrade, I think that this explains a lot about environmental change. The world isn't getting hotter -- it's just turning into an ice cream.
