21.10.2008 - The global property bust will hurt Asia too
From Moneyweek.com: The panic is over, but the worry has just begun. Desperate measures by central banks and governments have hopefully saved us from a complete collapse of the global financial system, yet markets remain unimpressed, managing only a brief relief rally. It’s easy to understand why. There’s precious little good news anywhere. Take US retail sales for September: they were frankly terrible, down 1.2% on the month..... Full Article: Source
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