agreed...this is the liquidity we needed. we will chop around, but the unified cut was crucial...watch asian and maybe even ruskie banks to follow
well at the bare least it stopped the bleeding for now in general...have to see how much it'll hold up though.
at this point, they could even close the market and I would not be surprised! unprecedent, actions are being taken.... simply in the end only prolonging the situation/condition.
ECB's Trichet Can't Rule Out Further Interest Rate Cuts http://www.bloomberg.com/avp/avp.ht...//media2.bloomberg.com/cache/vwPp1czacpMI.asf
Oct. 9 (Bloomberg) Hiromichi Shirakawa, chief Japan economist at Credit Suisse Group in Tokyo said, ``The U.S. and Europe should start thinking about a zero-rate policy.'' http://www.bloomberg.com/apps/news?pid=20601087&sid=a5X3.UfvG6.4&refer=home