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Could the stock exchange crisis last?

Could there be a repeat of the great crash of 1929 and the worldwide economic crisis it triggered? asks Miklós Blahó. "The uneasiness that has been evident for weeks bubbled over into a full-blown nervous breakdown yesterday, with the world's stock markets suffering average losses of between three and four percent. The Budapest stock market was also affected. This had the effect of considerably weakening the country's currency. We can only hope that yesterday's Black Thursday lives up to the events of 1929 only in name... The global economy is growing rapidly, although this growth is mainly due to the Chinese and Indian markets rather than the US market. Nonetheless, it seems likely that the markets will recover - albeit slowly - from the crash. We'll just have to wait until all the risky loans have been paid off and the insolvency proceedings of all the investors hit hard by the crash have come to an end."

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Wszystkie dostępne teksty » Miklós Blahó

» Cały przegląd prasy z dnia Piątek, 17. Sierpień 2007