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Buckle up for apocalypse Dow

Buckle up for apocalypse Dow
link:
http://www.smh.com.au/business/buckle-up-for-apocalypse-dow-20110924-1kqsq.html
Some say that financial armageddon is nigh - and that it's already too late to stop it.
WHEN the respective heads of the World Bank, the International Monetary Fund and the Federal Reserve each warn within a day or so, as they did last week, that the likelihood of a double-dip global recession has increased and that ''we are entering a danger zone'', it's pretty hard to ignore.

Shares tanked on the news, with the Australian market ending 5.6 per cent lower for the week and at a 26-month low. So did commodity prices - copper was down 7 per cent on Thursday evening and another 6 per cent on Friday night. Gold wasn't spared, while silver was crunched 18 per cent overseas in


Added: Sep-24-2011 
By: hospshow
In:
World News
Tags: global, financial, crisis, economy, apocalypse
Views: 4193 | Comments: 4 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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