TSXV:AUN.H - Post by User
Comment by
Latishaon Mar 17, 2008 9:36am
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Post# 14732317
RE: emergency rate cut of .25
RE: emergency rate cut of .25Big deal! Institutional lenders have tightened up lending rstrictions to such an extent that borrowing is almost impossible unless of course you have a tripple A rating. The cash that the markets need to churn the wheels is harder to get today under some of the lowest interests rates ever....
Money is leaving the markets...Goldman Sachs needs to report as well as Lehman...that will surely send the markets reeling...this is just the beginning of what looks to be the major event...how long it will last is the real question here...