Word: panic
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Dates: during 2000-2009
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...executive manager of Paris research and strategy group Global Equities, says that the "markets are pushing things in the search of a bottom - a point of impact from which rebound and recovery begins." "In one sense, it can be considered a catharsis," agrees Daley. "I just hope the panic doesn't cause irreparable damage to some firms and countries...
Friday's stock-market action was a microcosm: in Tokyo the Nikkei was down 9.6%; in Frankfurt the DAX - after dropping as much as 10% during the session - was down 5%; in São Paolo the Bovespa was down 6.35%. It was a global panic! Until things got to New York. The Dow and S&P both ended the day down about 3.5%. Big deal...
...Karl Marx lived to see this miniature revival, he wouldn’t have been that surprised. Marx knew the power of cataclysmic financial events to shake the world’s faith in neo-liberal doctrine. In the wake of the 1857 stock market panic, Marx wrote to his friend and co-author Friedrich Engels, “The American Crash is a delight to behold and it’s far from over.” Yet that downturn—along with all of the other shocks and recessions that have periodically plagued American economic history?...
...aimed at upscale, upwardly mobile clients. The Boyners have fully participated in this boom; for luxury goods alone, they doubled their retail space over the past two years. But now luxury is taking a fall, and sales of all types of merchandise are soft. "There's no need for panic," Boyner says, "but this is the point where you need to be very conservative." In her family's case, that means a freeze on all new investments, and a search for ways to cut operating costs. In one of the Boyners' biggest stores in Istanbul, which stretches over six floors...
...Then two things happened to upset the equilibrium. First, and no doubt most importantly, panic struck Wall Street with a force that was felt all the way to Hennepin Avenue and beyond. In Minnesota as elsewhere, John McCain flailed, Barack Obama soared, and down-ballot Democrats found that their already rosy prospects were rosier than ever. Written off by some over the summer, Franken was suddenly competitive again...