Panic !

[rootsnall]

Yanks just cut interest rates by 0.75% ! Where's the Dim one, we are UBER DOOMED !

[AtW]

Looks like inflation will really hit the world big time.

[DimPrawn]

Yanks just cut interest rates by 0.75% ! Where's the Dim one, we are UBER DOOMED !

[tay]

Thats actually a frikking massive cut isnt it.

[Ardesco]

Be interesting if Darling followed suit....

[BrilloPad]

I am amazed the markets have responded so well - seems to me like 16th September 1992 all over again.

[sasguru]

Massive. But only postponing the inevitable. Mind you Ben Bernanke said he would throw money out of helicopters if things got really bad.

[DiscoStu]

So...

It's going to increase US inflation, probably weaken the dollar somewhat, what are the major implications for the UK?

[DimPrawn]

There will be a bit of a rally on the world stockmarkets and then a bigger plunge when everyone realises that the credit fuelled boom of the last few years has to be paid back.

Expect even bigger cuts later this year and even bigger falls.

Sell everything, buy gold and build a nuclear style bunker until it's all over.

[tay]

3.5% in thr US and 10.5% in NZ...

NZ and its stinking banana republic economy...