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Burtman's Blog : Asian Markets May Cut Rates

September 30, 2008

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MackTheKnife Date

September 30, 2008 11:51 Abuse this post

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Howdy, Eric!

-- CNBC reported last night that Asian markets may act to support there dwindling economies by providing rate cuts. --

Actually, the http://www.pbc.gov.cn/english//detail.asp?col=6400&ID=1159">People's Bank of China -- along with the central banks of Australia, Taiwan and New Zealand -- already have cut key interest rates this month.

Moreover, the action in the http://stockcharts.com/h-sc/ui?s=$XEU&p=D&yr=0&mn=6&dy=0&id=p41121166517">Euro Index this week indicates to me the currency-exchange folks believe the http://www.ecb.int/home/html/index.en.html">European Central Bank also may cut its key interest rates Thursday.

Good luck!

MackTheKnife

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