Trots alla försök att stoppa de amerikanska dominobrickorna från att falla så befinner sig USA-ekonomin fortfarande i fritt fall.

David Jolly och Keith Bradsher skriver i New York Times om hur ett antal centralbanker, bl.a. Riksbanken, nu blir alltmer oroade och gemensamt har sänkt styrräntan:
Central Banks Coordinate Cut in Rates

In an extraordinary move that reflects the gravity of the financial turmoil, the world’s central banks on Wednesday announced coordinated interest rate cuts as they try to restore confidence in the economy.

Included in the move to cut rates were the Federal Reserve, the Bank of England and the European Central Bank as well as those in Canada, Sweden and Switzerland.

Här i USA faller villapriserna så till den grad att en av sex villaägare nu är skyldiga bankerna mer än deras villor är värda.

James R Hagerty och Ruth Simon skriver i Wall Street Journal om hur bolånekrisen nu förvärras här i USA: Housing Pain Gauge: Nearly 1 in 6 Owners ‘Under Water’ – WSJ.com

About 75.5 million U.S. households own the homes they live in. After a housing slump that has pushed values down 30% in some areas, roughly 12 million households, or 16%, owe more than their homes are worth, according to Moody’s Economy.com.

The comparable figures were roughly 4% under water in 2006 and 6% last year, says the firm’s chief economist, Mark Zandi, who adds that “it is very possible that there will ultimately be more homeowners under water in this period than any time in our history.” Among people who bought within the past five years, it’s worse: 29% are under water on their mortgages, according to an estimate by real-estate Web site Zillow.com.

Det här kommer givetvis att hjälpa demokraterna i det stundande USA-valet och samtidigt tvinga regeringen i Washington att återinföra de regler och regleringar som Bush-regeringen slet upp i sin företagsplundrande nyliberala iver.

Styrräntan sänks, Riksbanker sänker räntan.

Men sanningen är att ingen idag vet hur det här kommer att sluta.