Part 1 of 3: Newsnight looks at the days falling Markets and its impact on the Global Economy.
Report with background overview on the days events in USA by Hugh Pym, following the meltdown of Bear Stearns and resulting comparisons with the depression of the 1930′s. Highlighting the Governments and Institutions concerted efforts and actions to halt the fall, incl. interviews with Lyle Gramley (Former Federal Reserve Governor) and Prof. John Kay (London School of Economics.
Followed by Jeremy Paxman interviewing Stephanie Flanders (BBC Economics Editor) on the impact on the Housing markets, the Inter-bank lending rate and resulting deflation (catch-22).
Report by Jackie Long on the impact in Britain and the volatile Mortgage Market. (continued in Part 2)
Il moto e causa d’ogni vita; Perche vede piv certa la cosa l’ochio ne’ sogni che colla imaginatione, stando desto? : Fellini – Questi tegono l’ugie nella guaina, e mai le sfoderanno, se non e adosso alla preda o nemico…
Duration : 0:10:48
[youtube Mu2huEZd2CQ]
P.S. your page is …
P.S. your page is totally censored from Germany (at least I can not reach it…)
??? what does this …
??? what does this have to do with anything here… ???
Germany is strong, …
Germany is strong,Britain is economy! City of London
These ” …
These “organisations” have the capacity to create financial turmoil, by simply mentioning it. All my clips point towards this including the first “X’mas 2008 Finance”. This could be considered the first “Lemming Run in History”, were it not for the shallowness of this cliff. However, I do believe the instigators lost control of the ship. Serves them right…
I disagree with the …
I disagree with the clip that market meltdown is inevitable. Things seem to have picked up since last weeks, Bear Stearn stunt. Even the Bear Stearn stock has quintapled from $2 to $10 per single unit. Things are getting stabilized. In a couple months time the severity of the problem will be known, US inflation may rise for a few more months but it will certainly pick up and improve.
True, but I believe …
True, but I believe by now there are too many “elements” playing to the public fear, including media and unscrupulous “merchant bankers”, and using this economic slump to make yet another Buck. Todays attempt to spread false rumours so as to affect the Markets negatively over Easter went too far, is criminal and is probably being followed-up. I will add a clip about this tonight.
global markets are …
global markets are down sharply again overnight as more bad news about the US economy hit commodity prices and some speculated unwound their bets after the Fed’s move yesterday.
The price of oil fell $6 a barrel to $103 and the price of gold slumped $60 an ounce to 960 dollars.
Investors are worried the US slowdown will reduce demand for raw materials used in manufacturing and for energy.