Cut interest rates Now? but to 0%?

Stock analyst Roger Nightingale sugests if major economies such as Germany (DAX), US (DJI), France (CAC), UK (FTSE) were to cut interest rates in a drastic fashion it will stimulate bank lending and infuse liquidity into the market. He also adds that they should be cut to 0% for a long sustained period of time to help everyday blue collar workers catch-up on credit payments .

watch video link *from CNBC

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This entry was posted on October 7, 2008 at 5:41 pm and is filed under bank crisis with tags 0% interest rates, cut interest rates, Federal Reserve Chairman Ben Bernanke, Henry M. Paulson Jr., roger nightingale, treasury secretary Henry Paulson. You can follow any responses to this entry through the RSS 2.0 feed You can leave a response, or trackback from your own site.

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