Monday, September 3, 2007
Another monster that could conflict imact on rate setters.
The fastest recorded jump to a category 5, this is a monster, that could end up being very dangerous for the poor people of Central America. Lets hope that not too many people suffer. Some of the predictions show it following the same route as Dean, possibly further damaging and causing shut downs for the Cantarell Oil field (the second largest in the world). There is an outside chance it could head into the Gulf of Mexico towards America's oil fields. Its kinda relevant, because the Fed will be between a rock and a hard place if a hurricane causes an oil price spike just when they want to cut interest rates. All the traders are back home from holiday now, so it could have more impact than Dean.