Is the storm over for the US economy? |
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We saw a storm sweep across financial markets last week as stocks moved from one extreme to the other. Last Monday the struggling US investment bank Lehman Brothers filed for bankruptcy and equity prices began spiralling downward. Worldwide panic ensued with billions wiped off the value of stocks. Shares in UK bank HBOS lost over half its value and prompted a merger with Lloyds TSB. However relief was in sight at the end of the week when the US Government announced a proposal with a group of
Filed under: Fundamental
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