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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who started this subject11/4/2001 10:09:38 AM
From: RocketMan  Read Replies (3) of 436258
 
Slump Stirs Specter of Worldwide Recession
Quick U.S. Recovery Appears Unlikely

At the Hyatt resort in Bali, 80 percent of its November bookings -- British car dealers, European druggists and Hong Kong bankers -- have been canceled.

In Japan, everything now comes with zero percent financing -- and even so, loan demand is so depressed that some banks are simply depositing their excess cash in other banks.

In Argentina, auto sales are down so much -- 40 percent, compared with this time a year ago -- that Fiat has been operating its plants there just one week a month.

washingtonpost.com
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