Who knows, but once the present has turned into history today’s rejection of US Treasury Secretary Hank Paulson’s $700 billion bailout package by Congress may be seen as the final straw that broke the back of international capital markets.100-year events are becoming common fare these days and central banks have no other idea than to turn the spigots wide open. In a concerted action the central banks of the USA, Canada, the UK, Denmark, Norway, the Eurozone, Switzerland, Australia, Japan and Sweden [...]
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[Source: The Money Blogs]
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