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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: [Homestead] Imf -met today - warns financial meltdown brink
  • Date: Sat, 11 Oct 2008 15:53:24 -0700 (PDT)

>From 'tomorrows' London newspaper:

----------------------------------------------------------------
>From The Sunday Times

October 12, 2008

IMF warns that markets could collapse by another 20%

David Smith and Dominic Rushe in Washington

The world is on the brink of financial meltdown, the head of the
International Monetary Fund (IMF) said last night. His bleak warning came as
finance ministers tried to calm the frenzy in markets that saw share prices
crash by more than 20% last week.

Separately, the IMF’s chief economist predicted that shares could slump by
another 20% before stabilising. G7 finance ministers pledged to take all
necessary steps to support the banking system and stave off an economic
slump. .................................................................


http://business.timesonline.co.uk/tol/business/economics/article4926584.ece






  • [Homestead] Imf -met today - warns financial meltdown brink, bob ford, 10/11/2008

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