Bank of England cuts key interest rate by a greater-than-forecast 150 basis points

Trichet is just doing his job. He said unemployment is not his problem and he is right. That's the way it should be . The BOE
never put a stop to the mother of all bubbles in RE now they are scrambling to stop what is just a return to normalcy and just like the Fed they will run out of bullets very soon.
 
Quote from zdreg:

your description is a picture of US banks. not a perfect reproduction
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Read up on Japan's 1990s. It much more complex than you may think. Apples to oranges.
 
Quote from makloda:

Read up on Japan's 1990s. It much more complex than you may think. Apples to oranges.
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I am sure it is more complex and it is a result of a combination of circumstances which are difficult to weigh.

any suggestions will be appreciated.
any articles where comparisons are made will be doubly appreciated.
 
Quote from zdreg:

cutting interest rates is not a cure. it is making a drunk or a junkie feel better for the moment.
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The same could be said for all bailout measures to-date.
 
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