Exploring the Depths of the Downturn with Dan Niles
The Investopedia Express with Caleb Silver
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Introduction
Express stocks hit the skids again last week, despite a friday bank boundse but not before a five day losing streak. We saw strong evidence of that when the big banks reported earnings last week. J p morgan chase, the second largest bank in the world, reported a 28 % drop in earnings,. prompting ceo jm diamond to say that we are nearer than we were before to a recession.
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