It wasn't a pair of days ago when Germany was insisting there would not be a coordinated European bailout fund. That lasted all of 48 hours. There was a lot of scoffing at rate cut proposals, of any kind, a few days ago. Today, we have (drumroll) Coordinated Rate Cuts. This new magical tool of international finance is sure to win the war on liquidity terror in short order. Call it the coalition of the willing, if you will. The liquidity surge. (I like this last one). Cue Paulson on CNBC to yammer about the fruity goodness that is the G7.
Investors Get a Rate Cut, But Wonder What's Next [CNBC]
Posted by Henry Ryecroft , Oct 08, 2008 3:26PM
Somebody hacked the CNBC web feed. Went blank a few minutes into Lurch's talk, followed by the Cramer "House of Pain" soundbyte.
Posted by guest , Oct 08, 2008 3:26PM
yummy.
Posted by guest , Oct 08, 2008 3:26PM
Too long, didn't read.
Posted by MarshallStack , Oct 08, 2008 3:30PM
I love liquidity surges.
As long as I don't have to sleep in the wet spot.
You made it - you sleep in it.
It's only fair.
Posted by peWonderWoman , Oct 08, 2008 3:35PM
Maybe the entire world should just take the next two weeks off.
Posted by Henry Ryecroft , Oct 08, 2008 3:37PM
Hank's stuttering like a fool!
http://www.youtube.com/watch?v=JAIOzM7SsMo
Posted by guest , Oct 08, 2008 4:51PM
someone need to tell paulson to STFU. every time the bald or the beard get on the wire and open their freaking yaps, BOOM market implosion. you are not helping by yapping. shut yer pie hole and coordinate something...
Posted by guest , Oct 08, 2008 8:48PM
This market collapse is getting ridiculous:
http://www.upzero.com