09.03.01 - Steep Market Drops Highlight Despair Over Rescue Efforts
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"Fears that the world's economies are even weaker than had been thought ricocheted around the globe on Monday as investors from Hong Kong to London to New York bailed out of stocks."
"'It's pretty despondent everywhere,' said Dwyfor Evans, a strategist at State Street Global Markets in Hong Kong. 'O.K., there are signs that some of the leading indicators have stabilized to some extent, but it's at a very, very low level, and we're not seeing corporate investment picking up, or consumers starting to spend again — in other words, the traditional mechanisms by which economies come out of a recession are absent at this time.'"
Read the entire article, Steep Market Drops Highlight Despair Over Rescue Efforts
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