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Philippe Guiton of World Vision told The Associated Press that his agency plans to cut back hiring, which will have implications for delivering aid to the needy overseas.
“What we are going to do now is to issue an order to reduce spending, to delay recruitment, delay purchases of capital assets, etc., until we can see [...]

This can become a self-fulfilling event. The more it drops, the more that get out which is why markets usually over correct before they become rational again and rational doesn’t necessarily mean rally.
When the Dow was at 12,000 CNN and CNBC’s taling heads recommended to stay invested and continue to invest in equities.
When the [...]