The world finance markets are in panic,the investors continued to sell the shares;the experts are urging people to remain calm.President George W.Bush proposed 145 B dollars emergency stimulus plan to boost the economy.The Federal Reserve announced to cut the interest rates to 3,5% in order to avoid the recession in the world’s biggest economy.
The massive liquidity injections,tax rebates,promises of normalization and all other traditional measures are not enough to restore the confidence.The sick finance markets are beyond reparations,long passed the time for medication,there is a strong need for a financial surgical procedures.
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