IMF warns of global slump

International Monetary Fund
"US recession that will drag the global economy down"

Conference of the Group of Seven
"Dire picture of the state of the world economy"
"financial problems", "spread quickly and unpredictably" "extensive damage", ...

"most serious financial turbulence in the advanced countries since the Second World War"

Dominque Strauss-Kahn
"greatest financial crisis since the 1930s"
"The crisis is global."
"using taxpayer money to bail out"

Paul Volcker
"fragile financial system"
dollar crisis “You don’t have to predict it. We’re in it.”

job loss for the three months to 232,000
unemployment rate jumped from 4.8 percent to 5.1
short-term interest rate from 5.25 percent to 2.25

http://www.diigo.com/annotated/81e9ebb192a74d637ad8205d323171e6