The US Federal Reserve will cut interest rates tomorrow after getting a couple of reminders of the damage the housing slump is doing to the broader economy, reports Glenn Dyer.
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The debt hangover that no Berocca will fix
Crikey / Thursday, 2 August 2007
The dire event that many have been warning about for years is finally unfolding as the long-anticipated US sub-prime market problems move to a contagion phase.