Since they are instead lowering interest rates you need to know that such a move is NOT to keep the “positive feeling” (crazy notion by itself) but instead it is in order to buy time. Time needed to let their banking buddies pull home profits and rob the people further before the impending collapse.
As said, the financial meltdown and consequently The Greatest Depression cannot be stopped, it cannot be hindered, and it will happen no matter what anyone say or do. They know this and so all they are doing is buying a little more time and in doing so they are worsening our looming doomsday - building upon an already apocalyptic scenario.
The Swedish central bank decided to keep interest rates at the level it is, which is also complete and utter madness. Since the Swedish economy is slightly better than that of the European Union in general and the Eurozone in particular, Sweden does not need to increase rates to towards 20% but surely 7-8% would be beneficial.
And to, again, make it clear; YES doing what I suggest when it comes to interest rates would collapse the Swedish and/or European economy. However bad that would be, it’s a far, far better situation than waiting for the system to implode on itself.
But of course it’s more important to save a few vampire squid banks then saving the world.
China is finally, from their point of view, starting to try to fix the mess they are in. Too little too late of course. All those ghost cities and all that phony growth curtsey of the Chinese government fiddling the numbers created a boom that lured and tricked the world for a few years, but that is now coming to an end. GDP is a tool very easy to manipulate and for a totalitarian state hording U.S. treasuries by the trillions it’s even easier. The internal struggles for power and outright rebellions occurring almost daily (events never covered by media – definitely not in the west) and certain forcible action taken by the government has created a society very volatile and highly explosive, so when the world economy crashes I see it as very likely (close to 100% certainty) that China will be plunged into a civil war.