Central Banks Are Likely to Launch Coordinated Emergency Action This Week
October 26th, 2008Via: Reuters:
Central banks are likely to launch new coordinated emergency action this week to calm panic in financial markets, which could be rocked further by data pointing to global recession.
The U.S. Federal Reserve is expected to cut rates sharply following share selloffs and currency collapses in developed economies and the emerging markets of Asia and Latin America.
Advance third-quarter U.S. economic growth data due on Thursday is expected to show a 0.5 percent contraction in gross domestic product after 2.8 percent growth the previous quarter.
“Increasingly, the signs point to a deep and synchronized global recession,” JPMorgan economist Bruce Kasman said.
Posted in Economy | Top Of Page
Order out of Chaos.
Whoever thought treason could be so boring.
This economic blip is just a Global Shock Doctrine to get you to swallow the NWO blue pill.
This video will blow your mind.
http://economicrot.blogspot.com/
Excellent video showing Sarkozy and Barroso calling for a “New World Order”, “New World Governance”, “New Global Order”.
The EU and globalists are determined to use crisis’ to setup the final stages of what they call the “New World Order”.
Let us not forget that this would be the second such over-the-weekend action this month.
Both Mike Whitney on the left and Jim Willie on the libertarian-right are saying that the US economy is in far more dire straits than the mainstream news media is telling people or than a lot of suburbanites realize. It would appear that there is a great deal of truth to this evaluation, not just for the USA but also for the whole world.