Epilogue

Colin Read
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Colin Read: SUNY College at Plattsburgh

Chapter 32 in Global Financial Meltdown, 2009, pp 242-244 from Palgrave Macmillan

Abstract: Abstract This past year has been without parallel since the Great Crash and the Great Depression. It seems that no market has remained untouched. The world’s publicly traded companies and partnerships have lost almost half of their value, from a peak of almost $60 trillion, to a little over $30 trillion now. If we look at the value of the world’s stock markets and housing markets, almost half of the wealth has evaporated. We now talk in tens of trillions of dollars of international losses, and we don’t know if the bleeding has finished.

Keywords: Stock Market; Financial Market; Federal Reserve; European Central Bank; Federal Reserve System (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59518-7_32

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DOI: 10.1057/9780230595187_32

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