Stockmarkets plunge as evidence emerges of worsening economic conditions

Posted by portfolioexec on Friday October 24, 2008 @06:53PM
from the economist.com dept.

( 2 comments | 10 points | on HN )

Re:Stockmarkets plunge as evidence emerges of worsening econ... by DenisM on Friday October 24, 2008 @08:16PM (#343159)

There are two feedback loops that need to unwind:

1. low consumer confidence->revenue drop->loayoffs->low consumer confidence

2. US market->world markets->US markets.

Both of these feedback loops will feed on themselves for a few iteration before the show is over.

It has only begun.

[ Parent | on HN ]

Re:Stockmarkets plunge as evidence emerges of worsening econ... by dmix on Saturday October 25, 2008 @03:10AM (#343429)

If this headline is news to you, you need a new news source.

[ Parent | on HN ]