Turmoil in financial markets, FED cuts 3/4 in emergency move

Onkel Neal · 01-22-08, 12:48 PM

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

01-22-08, 12:48 PM	#1
Onkel Neal Born to Run Silent Join Date: Jan 1997 Location: Cougar Trap, Texas Posts: 21,385 Downloads: 541 Uploads: 224	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