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Fed, ECB, Central Banks Cut Rates in Coordinated

http://www.bloomberg.com/apps/news?pid=20601087&sid=azOWH.Rai3iY&refer=home

Oct. 8 (Bloomberg) — The Federal Reserve, European Central Bank and four other central banks lowered interest rates in an unprecedented coordinated effort to ease the economic effects of the worst financial crisis since the Great Depression.

Ever notice that the statement “since the Great Depression.” is in vogue now?

We are in code red!