Friday, October 24, 2008

World Markets Sink as Recession Fears Spread

This article is about the fears of recession will cause a huge cut in profits and will put developing economies to the brink of collapse. The recession has been described as short periods of panic followed by a short calm. Investors are fleeing smaller countries and all eyes are on the IMF. The recession has also caused the dollar to strengthen against smaller countries, including the euro. Emerging economies are the pressure points in this fragile situation and must be protected and insulated accordingly.

http://biz.yahoo.com/ap/081024/world_markets.html?.v=21

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