Chapter 15 The Slowdown Scenario
The market dynamics of rise and fall, an unending cycle.
Economic Turmoil
As the recession of 2008 deepened, with events like the Wall Street collapse and bankruptcy of gigantic financial institutions, John McCarthy, vice president and principal analyst with the U.S. firm Forrester Research, said that the magnitude of the crisis was so huge that all previous studies, projections, and surveys had become redundant.
The year 2008 witnessed mayhem in financial markets all over the world, with a deep economic recession in the United States. Wall Street, greatly sought after by the investment banking profession, lost its gloss late Sunday, September 21, 2008, with news of Goldman Sachs and Morgan Stanley, two ...
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