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Financial crisis - Coordinated multi-country action |
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Written by Stumo
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Wednesday, 08 October 2008 |
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The unilateral $700 billion U.S. bailout/rescue bill has not stemmed the stock market fall. Maybe it cannot until the money is spent, as opposed to when the bill is signed. But most seem to agree that it is not enough.
Balancing trade flows has not entered the wacko free trader policy mind yet.
The central banks of the U.S., Britain, the EU, Canada, Sweden and Switzerland announced coordinated interest rate cuts early this morning. Some good initial effects were seen in the markets.
The cuts had a positive effect on the FTSE already today.
And also a positive effect on the German DAX.
But it was too late to affect Japan's stock market.
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In the news
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CPA
holds the best seminars on trade, the CPA Issues Forums. Trust me. We
do. Charles Blum of IAS Group handles this part of CPA's sprawling
multinational operations.
The next CPA Issues Forum will be timely during this presidential
transition process, entitled the "2009 Fair Trade Agenda." Chris
Slevin, trade staffer for Senator Sherrod Brown will present. You are
guaranteed to know all details of what will happen in 2009 on trade
policy. Money back satisfaction guarantee. (Send all claims for your
money back, if you are dissatisfied, to our Marakesh office).
Save the date - December 17, 2008. Attend if you are in DC.
****
CPA's Eleventh Issues Forum
TOPIC: 2009 Fair Trade Agenda
SPEAKERS: Chris Slevin
Legislative Assistant to Sen. Sherrod Brown
National Co-Chair, Obama for President; former
TIME: Wednesday, December 17
10:30 until Noon
PLACE: Offices of Wiley Rein LLP
1776 K Street, NW (Room A/B, Main Conference Center)
Washington, DC
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