US subprime crisis costs global 7.7 trillion dollars: bank

The meltdown in the US subprime real-estate market has led to a global loss of 7.7 trillion dollars in stock-market value since October, a report by Bank of America showed Thursday.

//www.breitbart.com/article.php?id=080214202021.5qwu7lx0&show_article=1



Is a Collapse in the Cards?

As I write this, stocks around the world are falling, the U.S. Federal Reserve is madly cutting interest rates to try to head off a recession, and everyone is worried about a global economic slowdown.

//www.time.com/time/magazine/article/0,9171,1713333,00.html


From Information Clearing House



//freepage.twoday.net/search?q=subprime+crisis
//freepage.twoday.net/search?q=stock+market
//freepage.twoday.net/search?q=recession
//freepage.twoday.net/search?q=economic+slowdown

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