Into a slump

It is startling how quickly and savagely the global credit crunch is morphing into a full-blown economic crisis. Stockmarkets in Germany, Britain and France fell by some 10% in early trading on Friday October 24th, in response to an overnight sell-off in Asia and dreadful economic figures from Britain and the euro area. Britain’s economy contracted by 0.5% (an annualised rate of 2%) in the third quarter, according to a preliminary estimate. The drop, far ... Full Story »

Posted by Fabrice Florin
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Subjects: World, U.S., Business, Living
Member Tags: financial markets
Editorial Help
Posted by: Posted by Fabrice Florin - Oct 25, 2008 - 6:48 AM PDT
Edit Lock: This story can be edited
Edited by: Fabrice Florin - Oct 25, 2008 - 7:15 PM PDT

Reviews

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Derek Hawkins
3.9
by Derek Hawkins - Oct. 25, 2008

The Economist has this way of taking a topic that may be somewhat esoteric to many readers -- in this case shifts in currencies -- and making them at least more palatable. This is the case in this concise news analysis. Well summarized, good context, especially when discussing the unlikely recover of the dollar.

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Fabrice Florin
3.8
by Fabrice Florin - Oct. 25, 2008

Good overview of the latest economic news and how they affected markets worldwide. The article provides a good explanation of why so many investors are re-investing their funds in Japan and the U.S., for very different reasons: Japan because it's the "biggest creditor nation", with more trade surpluses than other nations; the U.S. because "its bond markets are the most liquid in the world", and assets can be converted back to cash quickly. An insightful read about an important topic.

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Kaizar Campwala
3.6
by Kaizar Campwala - Oct. 25, 2008

Informative piece about the flow of money into the Yen an dollar, with a good explanation of the causes. Too technical to be of much use to an average reader.

See Full Review » (12 answers)
Patricia Blochowiak
3.2
by Patricia Blochowiak - Oct. 25, 2008

Facts are presented, but I would have expected more depth and perspective from The Economist.

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Candace Smith
3.3
by Candace Smith - Oct. 25, 2008

I believe it was a well-written article, but I believe that the title of it could have been better. I felt I was reading more about the value of the dollar or other currencies, rather than the stock markets. It was good

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Paul Oppenheimer
3.9
by Paul Oppenheimer - Oct. 26, 2008

Because explanations are offered, and background information is given.

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