Word: recessional
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The report, released on Wednesday by the Center for Audit Quality in Washington, is based on a late-summer survey of 1,000 individual investors who had at least $10,000 invested in the market. A majority of investors - 73% of those surveyed - have either some, quite a bit, or...
The 26% who expressed little or no confidence named the recession, concerns about too much government spending or interference, weak government oversight of the capital markets, the volatility in the U.S. stock market, bank failures, corporate greed, job losses, and the home foreclosure crisis as their top concerns.
In the survey, investors were split on how much longer they think the recession will last, with about half saying they think it will end in the next year, 22% saying it will last another two years and 25% feeling it will stretch out beyond two years.
See pictures of the recession of 1958.
During the current recession corporate law firms—like a majority of other industries—have pared down their operations after transactional assignments in investment banking and trading evaporated in the heat of the downturn.