Saturday, 6 August 2011

$3trillion wiped off value of shares in 'week from hell' for world economy

Daily Mail
"One analyst described the past seven days as the week from hell. London has seen hundreds of billions of pounds wiped off in share prices. In the US, Wall Street was experiencing losses of $2tn or more after a fortnight of frantic selling. The problems started at the start of the credit crunch four years ago - the unofficial anniversary is this coming Thursday August 9, and it has never gone away despite billions of taxpayers money being channelled into repairing the damage."

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