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Worse than dud loans is the fear

October 13, 2018
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A PROMINENT US economist has warned that market conditions threatento lead the world into recession as regional concerns about the USeconomy yesterday pushed the Australian market lower. (Sydney Morning Herald — 30 August, 2007)
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Investors appeared to put aside their concerns about tighter credit availability, signs that the economy may be slipping and uncertainty about what the Fed’s next move will be. (New York Times — 30 August, 2007)
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The volatility triggered by the mortgage meltdown in the United States further plagued stock markets today, prompting a drop of all major indices in Asia. (New York Times — 30 August, 2007)
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The stock market plunged as investors were hit by fresh worries over declining consumer confidence, falling house prices, shrinking profits and uncertainty. (New York Times — 29 August, 2007)
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There did not appear to be a single catalyst for the drop, but several problematic readings were bruising to investor confidence. (New York Times — 29 August, 2007)
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Reports of more damage from the teetering US subprime mortgagesector hit global stock markets on Tuesday as central banks aroundthe world said their outlooks for monetary policy had been throwninto doubt. (Sydney Morning Herald — 29 August, 2007)
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