In the Middle Ages about one in ten Europeans could read; today, with a few exceptions, such as India and parts of Africa, the globalrate is comfortably above eight out of ten.
It seems that globalrate cut may start, US Federal Reserve injects large amount of cash by every means, selling pressure in US equity could be released through coming weeks.
The ECB, the U.K. central bank and Sweden's Riksbank took part in a coordinated globalrate cut on Oct. 8 with the U.S. Federal Reserve, lowering their key rates by a half percentage point.