Swedish Meatballs

With apologies to readers of Swedish heritage.

Here is something that hit the chat rooms today. Note the date of this supposed news story (July 2) where Sweden cut its short-term rate to negative 0.25%.

MarketWatch, Bloomberg and Reuters said it was cut to a positive 0.25%.

Trust but Verify? Sorry Mr. Reagan, when the markets are involved it is Verify then Trust.

Here's the link to the meatballs.

Sweden Cuts an Interest Rate Below Zero
http://blogs.tnr.com/tnr/blogs/the_stash/archive/2009/07/02/sweden-cuts-a-key-interest-rate-below-zero.aspx