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That troubling 'R' word: metro financial planners gauge last week's market mayhem and see range of possibilities.

Publication: Mississippi Business Journal
Publication Date: 28-JAN-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
It was an economic event reaching around the world. Last week's international sell-off of equities, fueled by the woes of the U.S. real estate market, caused shares to plummet across world markets. The January 21-22 situation cost Hong Kong's stock market $321 billion in value.

On January 22, the Fed acted quickly to the market situation, slashing its benchmark interest rate. International and U.S. markets rallied on the news and rebounded. But is it a short-term fix? Is a recession looming? Are we in one now?

M.L....

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