Peter Jonson of Henry Thornton discusses the implications of the credit troubles in America, and what effect the latest Interest Rate Cuts by the Fed will have on the Financial System. Is it the panacea the financial markets have been awaiting?

PD Jonson of HenryThornton.com discusses the implications for Kevin Rudd in trimming the fat from the Australian Budget. Maintaining the fine balancing act required to slash costs and at the same time not displease too many constituents.