Saturday, Oct 20, 2007
Concerns about recession hit US markets
Telegraph: Wall St caught in a perfect storm
The Dow Jones plunged almost 370 points in a perfect storm of surging oil costs, a sliding dollar, and fresh fears of paralysis in the credit markets. Twenty years to the day since Black Monday, when the Dow slumped 508 points in a day, Wall Street was rocked by rumours of defaults and heightened fears that the US economy may be heading for a recession.
Posted by uncle chris @ 09:43 AM (227 views) Add Comment
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