Part 1 of 3: Newsnight looks at the days falling Markets and its impact on the Global Economy. Report with background overview on the days events in USA by Hugh Pym, following the meltdown of Bear Stearns and resulting comparisons with the depression of the 1930's. Highlighting the Governments and Institutions concerted efforts and actions to halt the fall, incl. interviews with Lyle Gramley (Former Federal Reserve Governor) and Prof. John Kay (London School of Economics. Followed by Jeremy Paxman interviewing Stephanie Flanders (BBC Economics Editor) on the impact on the Housing markets, the Inter-bank lending rate and resulting deflation (catch-22). Report by Jackie Long on the impact in Britain and the volatile Mortgage Market. (continued in Part 2) Il moto e causa d'ogni vita; Perche vede piv certa la cosa l'ochio ne' sogni che colla imaginatione, stando desto? : Fellini - Questi tegono l'ugie nella guaina, e mai le sfoderanno, se non e adosso alla preda o nemico...
YouTube | March 18, 2008