Alan Woods on world perspectives 2008 Transcript of Alan Woods' speech on the world political and economic perspectives for year 2008 at a meeting of the leadership of the International Marxist Tendency on January 13, 2008. You can also listen to the speech here.
World economy in crisis - The financial panic: where are we now? Everything now clearly indicates that the advanced capitalist world is headed for recession. The only question is when and how deep that recession will be. In fact Merrill Lynch says the US economy is already in recession. And that’s bad news for all of us. Here Mick Brooks at what is really going on in the world economy.
Stock market latest: more panic We have seen the sharpest falls in stock markets around the world for almost a decade. Billions have been wiped off share prices worldwide. As we have predicted, fear mounted among the financial authorities that the panic could lead to a full-blown recession.
