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The Aftermath of a Tumultuous Week on Wall Street

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August 20, 2007

Financial markets around the world seem calmer today — after plummeting last week and then zooming back up on Friday when the U.S. Federal Reserve cut a key interest rate. The housing market still appears to be the epicenter of the jitters, but concerns about credit go much deeper.

Steven Pearlstein, business writer for the Washington Post

 
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