Turmoil Today

Today seems like a poster child day for the issues we predicted last week. Fed slashes 75 bps so we are 75% there to our 100%, 100 bps prediction and 37.5% of the way to the 60% / 200 bps prediction

Global equities markets in freefall as they discover re-coupling.

Look at Kedrosky for why decoupling hasn't exactly happened...

US GDP as a % of world economy
Posted on January 22, 2008 and filed under Finance.