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22 March 2008

Global shifts

The headlines have barely kept pace with the volatility that's currently shaking global markets.

There's some incredibly alarmist talk around.

Former Federal Reserve chief Alan Greenspan says it's the most demanding financial crisis since World War Two, while others say he should know because he's largely responsible.

Others again, like the venerable chairman of Wesfarmers Trevor Eastwood and the veteran observer Don Stammer, have given interviews suggesting a more sanguine approach, having seen several big crises over the years.

So what sense can we make of an environment that, from day to day, seems to make no sense at all?


Guests

Max Walsh
Veteran financial and political commentator and columnist

Presenter

Geraldine Doogue

Story Researcher and Producer

Scott Wales

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