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Stock Market Crash 2008

Stock Market Crash 2008

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It has been predicted that the stock markets will crash September 2008. Calling it Black Monday 2.0

Huge share sell off, predictions say its firstly due to the disintegration of the housing market, the lack of liquidity in the credit markets and waning prospects for continued growth locally.

The recent unemployment numbers pegging the rate at 5% was a surprise to even the most pessimistic economists. Some would say we're actually already in a recession now. When the revisions are in and you look back, we may have already begun a true economic slowdown in the fall.

Stocks fell across the board with the steepest declines seen in nonferrous metal and real estate issues.

Brokers said panic over the far-reaching impact of the US mortgage meltdown continued to hurt market sentiment in Tokyo following a global deluge of equity selling in Asia and Europe on Monday, triggered by reports that the Bank of China, a major commercial bank, may have incurred heavy subprime-related losses.
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