BoE slashes interest rates by 1.5%

Admiral Huddy · 06-11-2008, 17:12

The abolishment of Miras during the laste 80s played a big part in the boom and bust years then. Panic forced the market into overdrive in an already inflating market.

Today's downturn is purley lack of confidence in the US economy and Von put it well about them sneezing. Our bank 3 months ago decided to freeze its US position by deciding not to trade in US$.

06-11-2008, 17:12	#29
Admiral Huddy HOMO-Sapien Join Date: Jun 2006 Location: Chelmsford Posts: 6,692	The abolishment of Miras during the laste 80s played a big part in the boom and bust years then. Panic forced the market into overdrive in an already inflating market. Today's downturn is purley lack of confidence in the US economy and Von put it well about them sneezing. Our bank 3 months ago decided to freeze its US position by deciding not to trade in US$. __________________ I just got lost in thought.. It was very unfamiliar territory. Techie Talk \| My gaming Blog \| PC spec \| The Admirals log