Word: exchangee
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The main MICEX stock exchange shut down for two days on Sept. 16 after it lost 17% of its value in a matter of hours. At that point the market was down almost 60% for the year, its lowest level since early 2006, although it has since been boosted by...
The result was a staggering increase in capital inflows. The inevitable flip side was a staggering rise in the current account deficit--basically, the trade deficit plus a few other things. It grew from $114 billion in 1995 to $417 billion in 2000 to a record $788 billion in 2006...
It didn't. On Sept. 17, the Dow plunged more than 400 points, and all three were picking up signs of an even bigger nightmare, one that most Americans were yet unaware of: the whole financial system was seizing up, from formerly rock-solid banks and money-market funds to...
Congressional critics of the Paulson-Bernanke bailout have demanded to rewrite the plan before approving it, clamoring for aid to struggling homeowners, limits on executive pay at firms getting federal help, perhaps even requiring Treasury to get an equity stake in a firm in exchange for its subpar assets. In...
In June, the team traveled to New York City, where they rang the operating bell for the New York Stock Exchange.