Hi Gentlemen,
Read this article, it should ease your pain somewhat.
http://business.smh.com.au/central-banks-try-to-ease-credit-crisis/20071213-1gxm.html
Too many interested parties want to avoid any sign of a slowing economic & credit crunch liquidity crisis. Especially when the developing countries are on the eave of their transformation towards being developing super powers.
Let's face it nobody likes a recession, and what happens in the US affects the global economy, so there needs to be a somewhat 'smooth' transition, where the US sorts out is economic woes or challenges, and the rest of the world gets on to moving forward and developing the asian economies, that, by the way will need to cater to approx 2.6 billion people. Something the world has never witnessed in the past. Australia is in a box seat to be a party to supplying the resources for this collosal build to there infrastructures.
Even if the US took a correction, it would be mild in comparison to what will be on the other side of it.
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Hi Gentlemen,Read this article, it should ease your pain...
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