home » General » GLOBAL MARKETS WEEKAHEAD-Financial markets...GLOBAL MARKETS WEEKAHEAD-Financial markets paralysedposted by madhavan(6) 14 months ago (ratescurrency.com) Reuters, Sunday September 28 2008
By Natsuko Waki
LONDON, Sept 28 (Reuters) - Investors start the final quarter of 2008 this week in an increasingly dysfunctional global market, after weeks of historic turbulence that have prompted a near seizure in lending between banks.
While Washington’s $700-billion bailout package is crucial in tackling the worst financial crisis since the Great Depression, doubts remain as to how it could immediately thaw the frozen money and credit market.
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