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    0 starsmohit | Shared With: Everyone - Oct 08 2008 | news, tokyo, economy, depression
    Global financial crisis worsens - Oct. 8, 2008

    Futures are pointing to another down day in the U.S. markets today.

    Quoted: "Investors are now afraid that the world is going to enter a depression," said Jesper Koll with Tantallon Capitol Research in Tokyo.
    ...
    "Japan is a leading indicator for the world economy and prospects for the world economy are not for a soft landing," Koll said. "They are for a recession, if not a depression."