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Global equity markets also felt the tremors of the global financial crisis,ongchamp le pliage shop online,2008 The Year Of Financial Disasters. US markets and also other Asian markets slumped to unprecedented lows,carrera lunettes. India business news was also gloomy all through the year,ray ban pas cher. Pessimism gripped Indian share market investors also,chanel 2013. While on one hand,lunette oakley, the Sensex touched its all-time high in January 2008,achat ray ban pas cher, it also sank to sub-8000 levels in the very same year in October. Foreign financial institutes, due to problems in their home countries,puma pas cher, continued to pull out funds from the Indian share market. Insurance companies and domestic financial institutions supported our markets till September October this year. But thereafter,polo ralph lauren, even they started withdrawing,ray ban pas cher, thereby taking the markets lower,sac chanel pas cher.
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2008 was also the year of bailouts and stimulus packages,lunettes chanel. The US government’s announced a massive $700 billion rescue plan,ray ban lunettes, Out of this $250 billion, was set aside by the federal government to buy stakes in troubled banks. Under this plan,sac chanel, the US government,carrera lunettes, bought stakes in many American banks for $150 billion. The Bush government also announced a bailout plan for cash-strapped automakers,carrera online, Chrysler and GM,polo ralph lauren outlet. China also declared a mammoth stimulus plan to boost its exports and the economy in general. India also came up with its fiscal stimulus package in the first week of December and is gearing up for the second stimulus plan. This plan is likely to be declared in January first week. Analysts say that it would take at least six months before its impact is seen on the real economy.
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