10.07.2008

Time Monks report on the morning of the day of reckoning

Coordinated Central Bank Intervention Day

One way the present linguistic expectation set could be read is that there's a coordinated release of money coming from the various central banks in response to the global banking crisis, as outlined in a Federal Reserve press release out this morning at 08:15 AM...(which BTW is fairly close to our 'ideal' 07:10 UTC timeframe which we've been talking about for more than a year...)

--- text of Federal Reserve press release follows ---


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