U.S. Stocks Up, But Unease Ripples Across Global Markets

NewsHour, PBS by Jeffrey Brown | Oct. 20, 2008 (News Analysis)

Although U.S. stocks surged in the final moments, stocks in Europe and Asia dropped Thursday as fears of a worldwide recession grow. Journalists and an economics analyst discuss. ...

Even as Wall Street opened this morning, there were heavy losses in Asia -- Japan's Nikkei index fell 11 percent -- and throughout Europe.

In the era of globalization, the sun never sets on the financial markets, and now the turmoil and fears of a steep ... Full Story »

Posted by Fabrice Florin

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Fabrice Florin
3.8
 by Fabrice Florin - Oct. 20, 2008

Thoughtful analysis about the prospects of a global recession, featuring writers and economists from organizations located around the world, including the Economist and Die Zeit. Their comments are based on factual information and provide useful context on how the worldwide financial crisis is perceived abroad.

We’re seeing huge swings in markets outside of the U.S., because the rest of the world, we’ve got some of this technical stuff going on, you’ve got a huge risk aversion, you’ve got people fleeing into dollars out of riskier currencies.

Zanny Minton Beddoes – The Economist

In Germany, it will take a long, long time to rebuild the job market. It took a long, long time to get where we are now. And people are very afraid that they will fall back again.

Heike Buchter – Die Zeit

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