Global Squeeze

Global Squeeze

Global Squeeze is a term coined by the media to refer to the current global financial crisis. It's been used by various news sources, and usually refers to a negative turn in the financial well-being of the world.

History

One of the first references to this term was used by the BBC in early August 2008 [http://news.bbc.co.uk/2/hi/7494166.stm] . It has then been reused by other media, financial sites, and experts to refer to the state of the world.

Features

A global squeeze can include many features, mainly related to finance and money:

* Drop in stock markets
* Increase of the cost of goods such as food and oil
* Increase in foreclosures
* Companies going bankrupt

According to the National Post [http://network.nationalpost.com/np/blogs/fullcomment/archive/2008/05/05/rudyard-griffiths-this-oil-squeeze-may-be-permanent.aspx] , the oil crisis could make the global squeeze a permanent situation.

ee also

*Global crisis
*Finance

External links

* [http://www.globalsqueeze.com Community portal]
* [http://news.bbc.co.uk/2/hi/7494166.stm BBC news report]


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