Time for banks to stop cutting the interest rate

What do you mean, nothing's going on? Markets may look calm on the surface but everyone is paddling furiously below the water line. Since the 11 September bombings, investors have lived in the shadow of widespread expectation of the kind of military strikes that demolish markets as well as enemy targets. As the days and weeks have passed, the immediate fear of all-out war has eased to a sense (probably misplaced) of controlled retribution. Whether this is a false hope remains to be seen. There is no sure way to predict the economic and political scenario even one day ahead. Many fund mana...