itsjohntime

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Dow slides over 300 points amid credit woes

NEW YORK
Stocks plunged Thursday, sending the Dow Jones Industrial Average down
over 300 points for its second worst day of the year, as anxiety about
shaky credit markets and the troubled housing sector swept Wall Street.

Economist: world is one hedge-fund collapse away from crisis

WASHINGTON
The problems in the U.S. subprime mortgage market could spiral out of
control into a global financial crisis, economist Mark Zandi said
Thursday.

// posted by itsjohntime @ 7/26/2007 05:35:00 PM