29 March 2008
The banks' role in the economic downturn and Ge Insurance Solution
Posted by James Breen at 3/29/2008 2:23:00 PM
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The Fed cut the discount rate by three quarters of a percent, its largest one-day cut ever, and yet the stock markets are still nervous about the potential for a recession in the US that could affect the entire world, as demand for products drops back. In spite of the Fed cut and the tentative agreement for a $150 billion stimulus package (essentially a tax cut for the middle class and for businesses), Asian markets reacted Monday to continuing worries about the buoyancy of the US economy .. read the rest part.
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