Exact(2)
As China's own capital market deepens, the need for more sophisticated products will increase.
So as the bear market deepens, the Fed may feel it has no choice but to cut rates again, just to put a psychological floor under stock prices.
Similar(58)
The malaise in America's housing market deepened.
The Fed report released yesterday said that the credit crisis had made it more difficult for people to obtain mortgages and that "the weakness in the housing market deepened" in most of the Federal Reserve districts.
Shares of Cardinal Health, which initially reacted positively to news of the spinoff, fell $1.16, or 2.3percentto to close at $48.54 on the New York Stock Exchange as declines in the broader stock market deepened.
The gloom over the nation's housing market deepened on Wednesday as Freddie Mac, the big mortgage finance company, reported a gaping quarterly loss and predicted that home prices would fall further than previously projected.
The country needs to strengthen its financial system by developing a long-term debt market, deepening the corporate bond market and changing laws to make the futures and insurance markets more robust, Mr. Singh said, promising "decisive change" in the coming months and years.
In 1974, just before the bear market deepened, he says he put all his money in cash; in the late 1970's and early 1980's, as the oil crisis took hold, he loaded up in energy stocks; in 1981, just as the bull market was getting under way, he started his first mutual fund; and in September 1987, just before the stock market crashed, he unloaded a huge equity position.
As the turmoil in credit markets deepens and broadens, central banks, particularly America's Fed, have devised ever more ways to bolster the markets against collapse by providing more funds to more actors, for longer periods and against broader ranges of collateral.This week brought the latest round of sandbagging.
A breakdown of the euro would be disastrous — sending a potent shock through already jittery financial markets — deepening and extending this worldwide recession.
Over all, trade between the United States and the rest of the world has plunged since the summer as the financial crisis ravaged global markets, deepening the economic downturn.
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