A comment on my post about Krugman using the word ‘grim’ too often:

All commercial paper lending has ground to a stop, the stock market is below 10000 and took a 800 point plunge last week. The enormous 700 bn bailout package will likely be too little too late. The Fed just announced it will start buying commercial paper as a last ditched effort to prevent a complete collapse in credit market activity in the economy.

What were you saying again about Prof. Krugman using the grim adjective a bit too often?

Check this out: The NZ dollar vs the Japanese yen. Guess when I exchanged my yen to dollars? Doh …