NEW YORK - Investors began giving in to fears Thursday that a global recession is already under way, and stock markets shuddered around the world. Selling started in Asia, picked up speed in Europe and sent Wall Street near its worst finish of the year.
COEUR D'ALENE PRESS | UPDATED 13 YEARS, 1 MONTH AGO
NEW YORK - The Federal Reserve did what investors expected Wednesday - it said it would buy Treasury bonds to help the economy. But stocks fell anyway. The reason? The Fed made it clear that it thinks a full economic recovery is years away.
COEUR D'ALENE PRESS | UPDATED 13 YEARS, 1 MONTH AGO