The Bachelor of Arts Posted March 17, 2008 Share Posted March 17, 2008 Won't curse the title with that dark colour that everone here seems to mention. OK. Fed panicks and cuts discount rate by .25% 2 days before scheduled cut Bear Stearns valued (and to be sold) for $2 per share. It was at $30 on Friday and $150 a year ago. Gold up to $1025 overnight. The Nikkei down over 400 points. Dow futures down 200 points. And...........Ransquawk saying that financial institutions my fall by a further 50% from here. All before 0930 UK time. How much will they cut tomorrow? 1%, 1.25% or more?? We all know now that the dollar is toast, but this must surely be the tipping point where it turns into a runaway stagecoach. Will there be a global rout on the dollar?? Answers on a postcard please. Quote Link to comment Share on other sites More sharing options...
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