October 2008




Behold, the late Colin McRae piloting a Prodrive modified Ferrari 550 Maranello at Le Man in 2004. This is some awesome footage of one of the most famous race tracks of all time. No music, no commentary, simply raw Ferrari power in the hands of a legendary driver.


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Above I have a video clip of an EG Honda Civic running a 9.55 second quarter mile at 160 mph. The car was built by a company named Central Florida Turbo. Impressive, to say the least. Congrats and good luck figuring out the launch. Once that gets sorted, I can see low 9’s to a break into the 8’s.


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In a sign the credit markets are starting to become slushy rather than frozen solid, the LIBOR is down 36 basis points today. This decrease represents the largest single day drop in the LIBOR since January, when we first started seeing strong signs of the impending mortgage meltdown. Bloomberg.com has more on the subject, but it seems that this train of bad news is coming to the light at the end of the tunnel.


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