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Slump

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Slump Defined

A temporary fall in performance, often describing consistently falling security prices for several weeks or months.

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Australian, New Zealand Dollars Slide on Global Slump Concerns

Published October 7, 2008, 8:32 pm, Bloomberg

Oct. 8 (Bloomberg) -- The Australian dollar dropped for an 11th day against the greenback and New Zealand's currency fell as investors dumped higher-yielding assets on concern frozen credit markets will stall the global economy.

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East Bay businesses hail Fed plan

Published October 7, 2008, 8:31 pm, Inside Bay Area

East Bay businesses, large and small, embraced the Federal Reserve's bold gambit Tuesday to thaw the frozen credit markets, saying something must be done to help money flow more freely through the struggling economy.

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City likely to feel slump

Published October 7, 2008, 8:30 pm, Owen Sound Sun Times

Concerns about a long, deep recession in the United States triggered by the current financial crisis and fears that world economies will also be drawn [...]

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Budget deficit hits record $438 billion, CBO says

Published October 7, 2008, 8:24 pm, The Kansas City Star

The federal budget deficit hit a new record in the just-completed 2008 budget year under the latest estimates from the Congressional Budget Office.

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Ticats' Porter wins CFL weekly honour

Published October 7, 2008, 8:15 pm, CBC Toronto

Hamilton rookie quarterback Quinton Porter, who threw five touchdown passes in last weekend's upset win over Montreal, was the unanimous selection for CFL offensive player of the week honours on Tuesday.

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Indonesian Rupiah Falls, Nearing 3-Year Low, on Growth Concern

Published October 7, 2008, 8:03 pm, Bloomberg

Oct. 8 (Bloomberg) -- Indonesia's rupiah fell, trading near its lowest level in almost three years, as concern about a global economic slump curbed demand for emerging-market assets.

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US budget deficit hits record $438bn

Published October 7, 2008, 8:00 pm, The Times of India

The US government budget deficit hit a new record in the just-completed 2008 budget year under the latest estimates from the Congressional Budget Office.

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Japan Bonds Rise as Stocks Slump on Prospect of Slowing Growth

Published October 7, 2008, 7:46 pm, Bloomberg

Oct. 8 (Bloomberg) -- Japanese government bonds rose for a second day this week after the Nikkei 225 Stock Average slumped on concern global economic growth will slow, encouraging investors to buy fixed-income assets.

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County dept. heads told to trim budget

Published October 7, 2008, 7:45 pm, News Transcript

Monmouth County officials facing a reduction in revenues are ordering all county department heads to prepare their 2009 budgets with a 10 percent cut in salaries and a 15 percent reduction in operating expenses, Freeholder Director Lillian G. Burry announced. The reductions will result in some work positions being merged and others left unfilled, Burry said.

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Housing slump

Published October 7, 2008, 7:42 pm, Bunbury Mail

BUNBURY house prices in some suburbs have plummeted more than $60,000 in the past year adding further pain to homeowners. Median house prices across Greater Bunbury have dropped 2.6 per cent, with Bunbury, Dalyellup and College Grove among the hardest hit.

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