Not Just Us

I haven't yet figured out if it's comforting or disturbing that much of the rest of the world fucked everything up right along with us.

March 5 (Bloomberg) -- Bank of England Governor Mervyn King will take the unprecedented step of printing money to buy assets after cutting the interest rate by a half point to almost zero, the latest move by officials to combat the recession. The bank said it will pump money into the economy by purchasing as much as 150 billion pounds ($211 billion) in government and corporate bonds, sparking a rally across the debt market. The central bank’s nine-member panel also reduced the benchmark interest rate to 0.5 percent, the lowest since the bank was founded in 1694.