The Numbers

On January 22, 2008, in General, by Neil Stevens

Bank of America announces 95% earnings cut. Wachovia down 98%.

Federal Reserve announces 75 basis point cuts in federal funds rate and discount rate.

I’m no expert, but all this sounds nuts, but clearly at least the first part was predicted given the world stock market drops yesterday. So we’ll see if the Fed cushioned our own drop much, I suppose.


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Nima Jooyandeh facts.