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Old 01-22-08, 12:48 PM   #1
Onkel Neal
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Join Date: Jan 1997
Location: Cougar Trap, Texas
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Default Turmoil in financial markets, FED cuts 3/4 in emergency move

Well, things on the economic front are getting interesting. US is slipping into recession, and world markets react with large losses. Today the Fed cut federal fund rates by 3/4 a percent and may follow with another cut at the next meeting. We're going down and we're taking you with us! The media certainly loves to employ colorful terms to describe this mess; panic, free fall, bloodbath, fear...

http://online.wsj.com/article/SB120100837976106391.html?mod=special_coverage


http://www.cnn.com/video/#/video/business/2008/01/22/market.meltdown.roundtable.cnn

http://www.foxbusiness.com/markets/article/fed-slices-rate-075-possible-sign-panic_445564_2.html

http://www.cnn.com/2008/BUSINESS/01/22/markets.plunge.asia/index.html
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