Sovereign Peer Pressure Gives Global Rescue a Boost
Phew! No country wants to be looked upon as holding back on the global rescue. At first glance, it looks like the skittish Eurozone countries who seemed to want to craft their own individual rescue plans, are now on board with loan guarantee facilities. The US and UK also announced policy.
This is looking positive but I haven't had the chance to review. Stay tuned, I'll return later this evening...
UPDATE 10/12/08 9:15pm PDT... although Asian markets and market futures are up, many CNBC' pundits this evening believe investors will sell into this rally.
This is looking positive but I haven't had the chance to review. Stay tuned, I'll return later this evening...
UPDATE 10/12/08 9:15pm PDT... although Asian markets and market futures are up, many CNBC' pundits this evening believe investors will sell into this rally.
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