June 2008
Las Vegas Business Press (10712186);6/23/2008, Vol. 25 Issue 25, p17
This section offers business news briefs in the U.S. as of June 23, 2008. Reports on housing, prices and manufacturing suggest that the economy of the country is probably suffering from its first bout of stagflation. Additional capital may need to be raised by banks due to prediction of continued losses and write-downs until the first quarter of 2009. Global write-downs and losses from the credit market crisis may total $1.3 trillion, according to Paulson & Co. hedgefund founder John Paulson.


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