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.

No comments:

Post a Comment

I allow people to comment anonymously, many blogs dont. If you want to express an opinion and throw insults my way but are afraid to back up your statements with an ID at least back up your opinions and insults with a logical argument.

Unfortunately due to spammers and people posting libel comments I've turned on moderation and just deleted the spam comments.