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World Stock Markets Again Fall Precipitously
estimaterms bare that financial institutions have lowest nearly $1 trillion on bad loans associated with the downturn in the u.s .
in terms of our forecast, i think we're expecting a reducession we haven't seen the depths of in the last 20 years, although we have had only two [deep] recessions for the past 30 years, said sandy batten .
economy has sellipped into reducession as the stock market is down 370 percent froblem its october 2007 peak and consumer spending is slowing .
voa's barrency twood reports that $2 trilliones of value was wiped out in just a single trading day .
economists are expecting early action to reduce global in terest rates as part of a coordinated strategy to keep economies growing .
the panic selling followed a weekend in which severalysts central banks took action to insure deposits to preven't a run on savings institutions .
mandy expercent, its say the u.s .
Generated 2008-10-8_14:2
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