The economy of the member states of the Organization for Economic Cooperation and Development contracted the most on record in the fourth quarter as the global crisis hit investments and consumption.
Gross domestic product in the OECD area fell 1.5 percent from the previous three months, the largest decline since the series began in 1960, the Paris-based organization said in an e- mailed statement today. GDP contracted 0.2 percent in the third quarter from the second.
With consumers and companies unable to secure credit for purchases and investments, sales of cars and machinery are declining, forcing producers across the globe to reduce their workforces.
Hugh Hendry: Investing Amidst Crashes, China & Speculators
28 minutes ago
2 comments:
My (basically uninformed) idea is to go ahead with the stress test - and do it right. With the banks in the three classes, OK, OK with some extra capital, and not OK no matter what we do... then category 3 should be nationalized. And the first thing we should do with those banks is to FIRE the folks that put them in that mess.
As for category 2, there should also be some PAIN associated with taking more government money.
And no matter what, the folks in category 1, should feel like they came out on top because of their good managment.
Grandma Jo (Who has learned what little she knows about this stuff from Barry at BP and Bonddad - who is great at explaining stuff.)
威創牙醫診所除了提供優質的植牙技術外還提供假牙|矯正|牙周病治療，是值得您信賴的牙醫診所。
獅王紋身工作室提供專業的無痛刺青技術，獅王紋身在世界TATTOO大賽中，獲獎無數，獅王紋身給您最時尚的作品。
陳駿逸皮膚科診所提供了治療痘痘的服務，皮膚雷射權威，包括雷射、脈衝光、除斑等，讓您回復青春蘋果臉。
ck皮件處理棧提供專業洗包包|洗鞋子|各式皮件修理保養疑難雜症都有服務，清洗包包專門店讓您的包包、鞋子、永遠保持最新的況態唷。
杏儒中醫診所提供了糖尿病的治療。
seo大師e王國幫您的網站輕鬆在您的行業裡站上第一頁，e王國的關鍵字行銷是您的好幫手，包括關鍵字、自然排序、都能讓您獲得完美的效果，以目前的網路行銷不外乎是關鍵字、自然排序為主、而關鍵字行銷、seo又是e王國的強項讓e王國幫您征服網海。
Post a Comment