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When all central banks cut rates the same amount, the problems existing between them remain the same. But all countries do not have the same problems. Toxic exposure varies by country.
Oct 09 09:33 am
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All Comments by NOWHEREMAN »Coordinated Rate Cuts: Too Little, Too Late? The Forex Angle [View article]
So, yes it is way too little, but not too late if each Bank acts according to its needs in an uncoordinated manner. Money will then begin to flow away from the weaker to the stronger. The weaker can adjust accordingly.