Perhaps a bit less than would bring it level with the average fall in other exchanges since Sept 11th.
But at what scale of intervention? Has anyone seen an informed estimate of the full scale of the intervention? (No blind hand here - shadowy yes)
And how will the scale of this intervention be discounted in days and weeks ahead?
Are we just about to see another twist in the recessionary spiral with an investment strike in the airline industry?
And how much will all this tie Bush's hands against causing another fall in the value of global capital?
Chris Burford
London