maybe 'panic' is not the right word, maybe 'concerted'talk out...

maybe 'panic' is not the right word, maybe 'concerted'

talk out of the US is that the finance chiefs of the G8 are holding an emergency meeting this weekend - one item suggested for discuss is a concerted/unified cut in interest rates

if that is really what will come out of the meeting, then i don't think it is too much of a stretch to suppose that the guys from our RBA were talking to their counterparts in the Fed overnight, just to see if we wouldn't be walking out-of-step with other initiatives coming out of the US and perhaps globally

for now we can only wait and see