I’m not seeing enough about the 500 billion pound UK Bailout (that’s $865 Billion US) on US Financial news.
That’s more than our USA bail out despite the fact that our economy dwarfs that of the UK. Probably a sign that here in the US we are in for massively more bail out spending before the financial bloodbath is over.
The scale of this measure suggests to me what the markets already seemed to know – the situation is worse than we’ve been told.
So, market activity remains jittery and unhappy even though we’ve now got a massive global bailout in progress with the global .5 rate cut combined with 700 billion here and 865 billion there and the large global rate cut. Gee whiz, pretty soon this could add up to real money.
I’m uncertain about this but I think the only remaining certainty is uncertainty, and that’s … for sure!