Recession fears amid economic turmoil - 15 Sep 08

There hasn't been a day like it in decades.

The value of investments across the world are shrivelling, billions of dollars disappearing from markets.

The world's financial controllers, the European Central Bank for example, and even the US president are trying to stop the "economic avalanche".

The big question now - are all the analysts, investors and governments ready to say the word that they've until now considered taboo: RECESSION.

Category:

News & Politics

Tags:

• Al
• Jazeera
• aljazeera
• Stock
• market
• tumble
• Lehman
• bankruptcy
• recession

[Organjic]

This is a WORLD recession. Everyone but the rich suffer. The rich have become too rich and 99% of the world is poor. Think about it. This is a NEW WORLD ORDER!

The top 1% of the US population owns more money than the bottom 50%.

[oceanbound222]

Is there anything that the IDIOT BUSH has not destroyed in the last 8 years?

A ONE TRILLION DOLLAR WAR

A world recession/depression

[dough80y]

END THE FED! DEATH TO ALL CENTRAL BANKS AND THE CROWN! NO MORE MONETARY SYSTEMS!!!

[3dbeing]

Kingair -

(ESPN) Walter Hackett, a lawyer for Dykstra, said the event triggering the bankruptcy filing was a planned foreclosure sale of a southern California residence that Dykstra bought from hockey legend Wayne Gretzky for $17.5 million in 2007.

this $17.5ml loan was made for $400k down, and is now in foreclosure... Nobody forced the bank to make a dumb decision, but the results are on everyone's back. Now make your point again kingair,...

[kingair81r]

You have to use a little common sense if your making 40k a year and you bought a 400k house that was proabley a bad decision no one put a gun to peoples heads to make them buy houses.

[N02m0les]

wont effect me lol so i do not care

[hazbizarai]

they're too busy getting rich... i think

[fivestarmichael]

I agree, we are in a situation where we taxpayers have no real control over fred and fannie; however we have to bear the responsibility.

[stratvic]

Some free market...authorites are in control, always were. It is their doing that created this mess with the formation of Freddie and Fannie. Freddie and Fannie were identified as serious threats to finacial stability and the issue raised by many people over the years while the authorities stood by and gawped. The "authorities" will act as usual too late and we wait to bear the unintended consequences of their next action in preparation for government orchestrated collapse.

[3dbeing]

Wow, do you always resort to personal attacks when you are proven to be not only wrong but ignorant too.

Look read the papers and watch the news and spout what the reporters tell you as if it is your own opinion, just don't expect to be considered an informed individual.