Word: abyss
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Dates: during 2000-2009
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...global financial system sinks deeper into the abyss, policymakers and economists in Asia are reflecting on their own past financial meltdowns in search of lessons that could help the U.S. and Europe. As ministers for the G-7 group of industrialized nations meet in Washington today to discuss the crisis, Japanese officials in particular are expected to offer up guidance to their Western colleagues. "Japan can be of help by letting them know our experience of struggling" with economic turmoil, Japan's Finance Minister Shoichi Nakagawa told reporters Tuesday...
...America’s consumption slows down, the upward pressure on prices of scarce commodities will dwindle. Foreign countries will surely welcome appropriate restructuring of the U.S. economy (American shoppers make growth much easier in a number of countries), but they are not standing on the edge of an abyss; the world is different from two decades...
...crisis to the Great Depression of the 1930s and the Savings and Loans debacle of the late 1980s. And who better than Federal Reserve Chairman Ben S. Bernanke, that erudite, Ivy League scholar of the Great Depression, to steer the world’s largest economy away from the abyss of the past...
...bets hedged would suddenly have "unbalanced books." That could lead to firms other than AIG failing, which could lead to still more firms failing, which could lead to what economists call "systemic failure." Or, in plain terms, a financial death spiral in which firms suck one another into the abyss...
...flock of sheep who jump into the abyss just because one sheep has done so.' YULIA TYMOSHENKO, Ukrainian Prime Minister, refusing to resign after President Viktor Yushchenko's party left the ruling coalition, causing the government to collapse...