08 November 2007

Wall Street Falls Further after Big Sell-Off as Fed Chairman Warns of Slower Economic Growth

Federal Reserve Chairman Ben Bernanke warned he expects a raft of economic troubles will cause business growth to slow and as a lackluster forecast from Cisco Systems made investors wary of technology stocks. The Dow Jones industrials fell more than 150 points after dropping 360 points Wednesday.
Bernanke said the central bank is tracking developments closely but didn't offer solid evidence the bank is prepared to further cut interest rates.

The market's continued slide comes a day after stocks tumbled amid concerns about continuing credit woes, a weakening dollar and rising oil prices.
Why don't we just print up more money and fuck everything up?

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