Word: slump
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...sell shares - is now viewed by politicians in the U.S. as the root of all financial evils. But the experiment in China is aimed at boosting sentiment in a stock market that has been crushed over the past year, for reasons only partly related to the global equity slump. Regulators in China hope the measure will increase liquidity and trading volume in China's markets after a decline of more than 60% so far this year. (After Monday's global rout in stocks, the Shanghai exchange ended up a tick in Tuesday's trading...
...going on at that time, I held off," she says. "Now I'm thinking I should have just done it then. I am worried I won't be able to get a loan for it, and that will pull my business back." She says that even if car sales slump further, people still need to maintain the cars they already have. "I'm just starting the process of getting a medium-sized loan, and I'm concerned I won't be able to find the money," she says...
...Hold More Cash This crazy ride may not be over. So the more cash you have in short-term securities like bank CDs, interest-bearing checking accounts, money-market mutual funds and Treasury bills, the better shape you'll be in to ride out a market slump and invest again when the economy stabilizes. Typically, a decent cash cushion is three to six months' worth of living expenses if you are working and 12 months' worth or more if you are retired. Double the cushion if you can. "Believe me," says William Jordan, president of the Sentinel Group, financial planners...
Europe's markets are also down on the year, due primarily to effects of the U.S. financial crisis. Even more worrying than that slump continuing, however, is the exposure of European banks to toxic debt originating in the U.S. Governments are digging deep to to assure markets that they'll step in as that crisis becomes acute...
...know.”She added that Harvard could be more affected because it “has been very well represented in the financial services industry,” though she said she did not know the percentage of alumni working in that sector.Following a year-long slump, financial markets have nose-dived in recent weeks as a series of financial shocks have hit Wall Street, including the failure of Lehman Brothers, the government takeover of mortgage giants Fannie Mae and Freddie Mac, the largest government bailout to date, an $85-billion loan to the American Insurance Group...