credit crunch

what are your thoughts on the issue? the progress?

after looking at the minutes released today in the US - the FED is obviously taking the mortgage crisis quite seriously. It seems the US market is confident that the FED will do what is necessary to keep it under control.. with a 50bps tagged as 'prudent'.. i wonder what else will follow

its a great sign the US recognise the threat - and are willing to do something about it... in my opinion.. from here on in it wont be smooth sailing.. but we may have crossed the hill .. and things should get better from here on in.. rather than worse.

interested to hear other peoples opinions