Economy facing an uncertain period

In light of the US Federal Reserve slashing interest rates last week, the main implications of this cut and its possible implications for the EU and Ireland itself are examined.

26th January, 2008

In light of the US Federal Reserve slashing interest rates last week, the main implications of this cut and its possible implications for the EU and Ireland itself are examined.

How can the financial markets be down massively one day and up again the next? What do all the swings mean?

They reflect fear. The old cliche - courtesy of John Maynard Keynes - is that markets are driven by the animal spirits of fear...

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