10-08-2008, 08:19 PM
As expected.
<b>Fed, central banks cut rates to aid world economy</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The Fed reduced its key rate from <b>2 percent to 1.5 percent</b>. In Europe, which also has been hard hit by the financial crisis, the <b>Bank of England cut its rate by half a point to 4.</b>5 percent and the <b>European Central Bank sliced its rate by half a point to 3.75 </b>percent<!--QuoteEnd--><!--QuoteEEnd-->
This will lead to major consolidation in retail. Now we have to watch how many go under before X-mas.
<b>Retailers report weak September sales</b>
Next is oil price future trading.
I want to start countdown on Oil price bubble to bust.
<b>Fed, central banks cut rates to aid world economy</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The Fed reduced its key rate from <b>2 percent to 1.5 percent</b>. In Europe, which also has been hard hit by the financial crisis, the <b>Bank of England cut its rate by half a point to 4.</b>5 percent and the <b>European Central Bank sliced its rate by half a point to 3.75 </b>percent<!--QuoteEnd--><!--QuoteEEnd-->
This will lead to major consolidation in retail. Now we have to watch how many go under before X-mas.
<b>Retailers report weak September sales</b>
Next is oil price future trading.
I want to start countdown on Oil price bubble to bust.