The pain of one is the pain of all. This happened when the famous Wall Street made a tremendous tumble on its stocks. Following its negative gain, all other powerful countries likewise experienced fall on its major stocks, including Asian stock markets.
U.S. Federal Reserve Chairman Ben Bernanke warned Wednesday the economy will take some time to recover even if the credit markets return to normal soon.
"Stabilization of the financial markets is a critical first step, but even if they stabilize as we hope they will, broader economic recovery will not happen right away." he said.
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