Japan down 7% (more Asia…), UK down 4% (more Europe…)
Toyota slashes outlook on clobbered US consumer: “This environment is more severe than anything we have ever experienced…Honestly, it is difficult to foresee when it will bottom out.”
News Corp hammered, cutting spending and forecast: Downturn comes to Australia and UK newspapers. US local TV mauled: “a pretty grim picture.”
Terrified Bank of England may have to cut rates from 4.5% to 0%. Latest UK economic data “terrible.”
Wall Street pay to plummet. To astronomical levels.
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