What to make of Monday?

As the insta-analysis develops…

QUITE an exciting start to the week, was it not? Asian markets sink 5%, Europe is off 7%, and America looked headed for a 10% drop, only to right the ship at the last moment and cut the day's losses in half. The global nature of the sell-off is one disconcerting aspect of the day's events (and, in fact, of the crisis—we are officially in a global bear market). The continued dysfunction in credit markets is another. And growing signs of a global slowdown in the real economy is still another.World leaders are definitely attuned to the potential looming disaster. Even as Hank Paulson begins to crank up the operation of the Troubled Assets Relief Program, other steps are being…
Original Source: http://feeds.feedburner.com/economist

  6 Octubre, 2008| Economy | @ 14:51

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