RelativeResourceManager4 - Markets Swoon on Recession Fears...

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Find a copy Abstract (summary) Full Text Back to document Reddy, Sudeep; Casselman, Ben. Wall Street Journal [New York, N.Y] 23 Sep 2011: .1. URL to local SFX server: Swoon on Recession Fears --- date=2011-09-23&volume=1&issue=&spage=A.1&au=Reddy, Sudeep;Casselman, Ben URL to local ILLiad server: Journal&issn=0099-9660&date=2011-09-23&volume=1&issue=&spage=A.1&aulast=Reddy, Sudeep;Casselman, Ben Thursday's market turmoil caused some observers to recall the period around the 2008 financial crisis when upheaval in the U.S. financial system shook markets and economies around the world. Used car retailer CarMax Inc. on Thursday reported a 2% drop in… Is the world heading for another recession? Fresh data Thursday pointed to a decline in manufacturing activity in both China -- a critical engine of the global recovery -- and Europe, a sign businesses are bracing for slower growth. Compounding the concern is the political paralysis in Europe and the U.S., where rival parties are divided on how to respond to the crisis. In Europe, policy makers struggling with the Continent's debt woes are trying to reassure investors that European banks can weather the storm. Officials from the Group of 20 economies said Thursday night that they would aim to preserve banking stability and markets. The statement, which wasn't expected but came after a day of market turmoil, also offered the first joint commitment that Europeans would seek to "maximize" the impact of their rescue fund by leveraging its funding. In the U.S., Congress is again riven over funding the government, just weeks after the summer's debt-ceiling
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This note was uploaded on 11/10/2011 for the course ECON 4610 taught by Professor Xiaohuang during the Fall '11 term at Kennesaw.

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RelativeResourceManager4 - Markets Swoon on Recession Fears...

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