Not enough of a rate cut - these pussycats have no idea or bad intentions

As I mentioned in my earlier post, it not enough by any means to cut now by 50BP - the Libor rates were significantly higher compared to yesterday, which indicates the unwillingness of banks to lend to each other, which is the basic problem. Sure every bit helps but it's important to be ahead of the curve and until this very moment we are behind the curve..