World Banks ALL cut rates at the same time

[Deborah K]

G.B., U.S., Europe, Asia. The Fed can now loan to businesses directly. China mentions wanting a world currency. It's happening at a really fast pace.

http://www.nytimes.com/2008/10/09/business/09fed.html?pagewanted=1&_r=1&ref=us

http://www.reuters.com/article/idUSPEK2402720080917

“The gravity of the times requires out-of-the box responses,” said Jim O’Neill, the chief global economist at Goldman Sachs. “Atop of all the other things we have seen this week, it gives me great confidence.”

WTF????

 

[wizardwatson]

G.B., U.S., Europe, Asia. The Fed can now loan to businesses directly. China mentions wanting a world currency. It's happening at a really fast pace.

http://www.nytimes.com/2008/10/09/business/09fed.html?pagewanted=1&_r=1&ref=us

http://www.reuters.com/article/idUSPEK2402720080917

“The gravity of the times requires out-of-the box responses,” said Jim O’Neill, the chief global economist at Goldman Sachs. “Atop of all the other things we have seen this week, it gives me great confidence.”

WTF????

Hmmmm, "Chied Global Economist at Goldman Sachs". I wonder how many animal sacrifices and underage children you have to have sex with before you get that position.

 

[pmbug]

“the gravity of the times requires out-of-the box responses,” said jim o’neill, the chief global economist at goldman sachs. “atop of all the other things we have seen this week, it gives me great confidence that i'm going to get filthy rich.”

fifh

 

[Sarge]

An which foreign market will that be, where they are going to withdraw their money?

http://www.business24-7.ae/articles/2008/10/pages/kuwait%27skiacouldinject$15bninbourse.aspx

Article didn't copy but it is Kuwait that is going to withdraw money.