Quem o diz é o insuspeito "The Economist": "THE financial storm that blew up in America's subprime mortgage market last year has become a hurricane.(...) Across the globe, more than $5 trillion has disappeared from the value of public companies in the first three weeks of January. Many markets are 20% or more below their highs, the informal definition of a bear market.(...) Although America's exchanges were closed that day, its policymakers' response was more than commensurate. Before Wall Street opened on January 22nd the Federal Reserve announced an unscheduled rate cut of three-quarters of a percentage point, to 3.5%, its fastest easing in a quarter of a century.(...)"
A posição defendida pelo Economist é contrária à actuação do FED mas reconhecem a grave crise que assola os mercados mundiais: "(...)But central bankers and regulators have the tools to stop a downturn from becoming a slump, so long as they use them sensibly. Reacting to market panic with panicky rate cuts is likely to make things worse rather than better. The Fed should always be the calm centre of a financial storm."
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