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Panic Has Passed, but We Haven't Hit Bottom

Get ready for a long recession

By Kevin Spak, Newser Staff

Posted Oct 15, 2008 11:00 AM CDT

(Newser) – The most panicky phase of the global financial crisis is likely over, thanks to the combined efforts of the world’s governments, writes Steven Pearlstein in the Washington Post. But don’t “confuse this moment of calm with a stock market bottom or a... Read full story »

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Panic Has Passed, but We Haven't Hit Bottom

Get ready for a long recession

stock market • recession • credit market • market bubble • housing bubble • financial crisis • Steven Pearlstein

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More Newser Stories

All Economy's Bubbles Have Burst at Once

Dominoes tumble from real estate to credit to commodities

How Banks' Fake Daisy-Chains Led to Meltdown

Self-dealing artificially propped up market for CDOs

Give Thanks We're Not Thanking Wall St.

Be grateful for new skepticism on financial industry

Bubbles Reinflating, World Bank Warns

Asian asset prices soaring as recovery takes hold

Economy Is on an Upswing, Says Dr. Doom

Roubini predicts end to recession, sends markets jumping

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