Wednesday, October 08, 2008

Interest Rate Cut

The central banks Europe, the UK, the USA, China, Canada, Sweden and Switzerland all just cut their interest rates by 0.5% in a co-ordinated move. When something like this happens with all those countries acting together on any issue you can just smell the panic in government buildings around the world. Lets hope some coordinated action does the trick or God only knows what will stop the economic crash.

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