FYI: European Central Bank's Christine Lagarde speaking now

[Mike 03]

Should be on most business news channels. I'm listening to Bloomberg Radio.

She's expected to announce efforts to support liquidity and credit to help individuals and businesses and financial institutions. She's expected to relax bank regulations to promote lending. It is a three-prong strategy.

Some experts who saw her announcement in advance say it's not enough.

As I'm typing this trading in the U.S. has halted again.

#Breaking: Circuit breakers tripped in U.S.

# Deutsche Bank "is in freefall" it's down 13.2% and dropping - Bloomberg
Bitcoin down 26%

[Mike 03]

1. PS: The ECB is NOT cutting interest rates today

And most experts this morning seemed to agree it would be pointless to do at this juncture.

EDIT: Lagarde says the decision not to cut rates was "unanimous."

EDIT: UK investment advisor is being interviewed and says "I don't know why I'm here. The markets are collapsing. Literally, no one cares...(i.e., about the ECB's plan)"

"We're seriously worried about liquidity..."

"The world is looking now at the United States. You guys need to do something big and soon."