So the "Fed cuts rates 75 basis points in emergency move." What exactly does this mean for the melting markets, is it, in any way, a tacit acknowledgment that markets are up shit creek and that the rhetoric over the last few weeks was just that?
And Soros gets in on the act too... "With famed speculator George Soros saying that the world is facing the worst financial crisis since World War II, it's no wonder that ordinary investors are worried." http://www.forbes.com/markets/economy/2008/01/22/asia-stock-wrap-markets-equity-cx_vk_0122markets1.html
