On Tue, Jan 22, 2008 at 08:19:23PM +0530, Gautam John wrote: > 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?
Yes. Notice that the Fed can't do anything but to delay things. They are not the good guys in the game. > And Soros gets in on the act too... If anyone is surprised, they should not be surprised. Also, nothing really happened, yet. > "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 -- Eugen* Leitl <a href="http://leitl.org";>leitl</a> http://leitl.org ______________________________________________________________ ICBM: 48.07100, 11.36820 http://www.ativel.com http://postbiota.org 8B29F6BE: 099D 78BA 2FD3 B014 B08A 7779 75B0 2443 8B29 F6BE
