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Topic : Global measures for credit crisis
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World Leaders Pledge $1.1 Trillion to Tackle Crisis

Created by : Darpan Sinha, Tech Architect, Royal Bank of Scotland  | 04 03 2009 09:51:53 +0000
Keywords : finance slowdown econimic
Activity:  235 views;  last activity : 07 06 2010 20:18:09 +0000

LONDON — Struggling to bridge deep divides over how to revive a paralyzed global economy, the leaders of the world’s largest economies agreed Thursday to bail out developing countries, stimulate world trade and regulate financial firms more stringently. But President Obama conceded that there were “no guarantees” that those measures would reverse the biggest global downturn in six decades.

** From http://www.nytimes.com/2009/04/03/world/europe/03summit.html?_r=1&hp

 

  
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We may see some upwards movement in the market for few weeks however it wont have much impact overall as the fundamentals of the global systems are in question and bakinging accounts are adding to it
By Darpan Sinha, Tech Architect, Royal Bank of Scotland  04 03 2009 09:51:53 +0000
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I guess this will work out Darpan, if one leaves as it is without any stimulus packages for the crisis, it will still worsen and when the cash starts flowing in the market and when all the necessary correction has taken place things will gradually fall into place, and we will see the recession end in another 2yrs.
By Nikhil Jain, Senior Consultant, Hewitt Associates  | 04 03 2009 13:31:38 +0000
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Yes i agree with darpan that whatever these stimulus or the bailout packages that are assigned to bailout will workout for a temporary basis, and to me there should be some correction made interms of lending the money from banks.

 
By Sameer Joshi, Project Manager, ADP  | 04 06 2009 10:13:55 +0000
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