The BIG Kahunas are getting plans in place to postpone the inevitable market collapse to an unknown future date. It will be interesting to see what plans these fools come up with. It's either "Inflation or Death!"
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TOKYO (Reuters) - Financial leaders from the world's richest nations stood ready to discuss a global policy response to the credit crisis, which has unleashed economic downdrafts and market turbulence that knows no borders.
Aggressive action by the United States to cut interest rates and taxes to ward off recession has tested the limits of cooperation in the Group of Seven.
A question of how far other major economies should follow has provided a tense backdrop for finance ministers and central bankers as they gather in Tokyo to seek ways to repair damage to their economies and financial markets wrought by the U.S. subprime mortgage crisis.
But officials arriving on Friday for G7 meetings this weekend showed a readiness to begin tackling problems together.
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