FRIDAY OCTOBER 10
G7 Ministers Wish They Paid Better Attention In Econ 101

Neither interest-rate cuts by 10 central banks nor mass bailouts are working. The International Monetary Fund’s emergency funding mechanism is not working. Talks among 27 nations under the auspices of the Financial Stability Forum are not working. The G-7 meets today in Washington and will release a joint statement at 6 p.m. EST. Let’s hope they can think of something by then. (But is that likely?)

October 2008

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