: GBethel Per 3 11/20/08 1.Wall street had another turn. 2.The stocks had turned again and this time into the negatives. 3.This happened on Thursday 4.It was in Wall Street, NY. 5.it took place because the stocks fell. I think it is important because we cannot predict the stock market.
New York Times:
The prospects for the economy look much grimmer now than they did a week or two ago. Yet economic policy, rather than responding to the threat, seems to have gone on vacation. . (Read More)
USATODAY.com Money - Top Stories:
Most Asian markets rebounded Friday after days of sharp declines in stocks around the world as investors scooped up battered ...
. (Read More)
Reuters:
EVANSVILLE, Indiana (Reuters) - Deflation would be very damaging to the United States economy and with nominal interest rates already very low, quantitative easing may be needed to keep it at bay, a top Federal Reserve official said on Thursday.
. (Read More)
Submitted by Michaelfidler
from Google Reader:
The Associated PressChina support talk drives HK shares up 2.9 pctguardian.co.uk - 30 minutes agoBy Parvathy Ullatil HONG KONG, Nov 21 (Reuters) - Hong Kong stocks rose 2.9 percent on Friday, as US stock futures pointed to a recovery on Wall Street and talk swirled of another round of rate cuts in China, sending mainland le (Read More)
New York Times:
Paul Volcker, the former chairman of the Federal Reserve, spoke to baseball owners about the nation’s economy without specifically addressing how the league would be affected. . (Read More)