Thursday, October 9, 2008
Global Economic Meltdown
Iceland files National Bankruptcy...
The US administration has already committed 700 billion dollars to a bailout of banks' bad debt and the latest move extends the government support..
The troubles on Wall Street sent Brazil's share market down 4.66 percent while Mexico's Bolsa slid 3.97 percent..
European indexes fell. In Britain, the FTSE-100 fell 5.2 percent, Germany's DAX dropped 5.9 percent, and France's CAC-40 dropped 6.3 percent..
In Asia, Japan's Nikkei 225 closed 9.38 percent lower and Hong Kong's Hang Seng tumbled 8.17 percent hours before the rate cuts were announced..
WHAT`S NEXT: GLOBAL ECONOMIC DEPRESSION...