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REAL WORLD EVENT DISCUSSIONS
Depression at 1% interest, banks charge 30% interest
Thursday, October 9, 2008 8:08 AM
PIRATENEWS
John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!
Quote:THE (PRIVATE) "FED" More rate cuts in train, economists say Show of force designed to avoid depression MarketWatch Oct. 8, 2008 Economists are convinced that there will be more rate cuts in coming weeks, as global central banks seek to get the financial market functioning. "The playbook to avoid depressions says rates need to be as close to zero as possible, banks have to be rescued, public spending has to rise and free trade must be maintained," Shepherdson said. www.marketwatch.com/news/story/more-rate-cuts-train/story.aspx?guid=66BBC920-2F97-4483-AF1F-2DF3B4E8CF0C&dist=SecEditorsPicks
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