A Volatile Day in World Markets

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The Federal Reserve announced an emergency rate cut before the markets opened today, but the Dow Jones industrial average hit a 15-month low anyway.  President Bush and Democratic leaders in Congress met to talk about a fiscal stimulus package. With falling prices, more and more California homeowners now owe more than their property’s market value, and foreclosures are breaking records.


Christopher Thornberg - Beacon Economics

Warren Olney

Karen Radziner