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[bob ford <bobford79 AT yahoo.com>]

>From 'tomorrows' London newspaper:

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>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