| It was a prospect that was as hoped for as it was feared: a coordinated global effort by the world's central banks to rescue Europe and save the world. The Armageddon play. The Hail Mary.
The desperate measures turned to in the world's time of economic crisis.Alas the events suggest there is no coordination between nations. First, China both raised and lowered rates. Then, Fed Chairman Ben Bernanke went to Capitol Hill and said exactly what he's been saying during his entire tenure: The Fed is ready to act; we're vigilant...............................................Full Article: Source
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