- Breaking Financial News - New York Times -
Update: Fed Cuts Key Interest Rate 3/4% - The Fed's cut in the federal funds rate is the "most dramatic signal it can send that it is concerned about a potential recession in the United States. It marked the biggest one-day move by the central bank in recent memory," reads the Times in a breaking story.
The Chicago Tribune reports:
The Fed decision was taken during an emergency telephone conference with Fed officials on Monday night. Those discussions occurred after global financial markets had plunged Monday as investors grew more concerned about the possibility that the United States, the world's largest economy, could be headed into a recession.
A disastrous, imperial foreign policy, a historically bad fiscal policy, a devastating blow to civil rights, and now a looming recession and downturn in the stock market.
Makes me wonder what god was thinking when, as Bush has attested, god chose Bush to be president.
From AmericaBlog:
Update: Fed Cuts Key Interest Rate 3/4% - The Fed's cut in the federal funds rate is the "most dramatic signal it can send that it is concerned about a potential recession in the United States. It marked the biggest one-day move by the central bank in recent memory," reads the Times in a breaking story.
The Chicago Tribune reports:
The Fed decision was taken during an emergency telephone conference with Fed officials on Monday night. Those discussions occurred after global financial markets had plunged Monday as investors grew more concerned about the possibility that the United States, the world's largest economy, could be headed into a recession.
A disastrous, imperial foreign policy, a historically bad fiscal policy, a devastating blow to civil rights, and now a looming recession and downturn in the stock market.
Makes me wonder what god was thinking when, as Bush has attested, god chose Bush to be president.
From AmericaBlog:
Asian and Australian markets fell hard for the second straight day including a 5.6% drop in Tokyo, 7% in Australia, China 7.2% and Hong Kong a brutal 8.7%. The Hong Kong market has lost over 21% in 2008.
European markets collapsed on Monday, though at midday, are slightly down.
Wall Street is pointing in the direction of a painful day with futures down 4%.
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