Confidence appears to be on the rise as frozen credit thaws

Dow surges 4.7% on encouraging signs

By Michael M. Grynbaum / The Bulletin
October 21, 2008

After weeks of extraordinary efforts by the world’s governments and central banks, the frozen flow of credit began to thaw on Monday.

The tentative re-emergence of trust among lenders — a rare commodity of late — raised hopes that the immediate financial pressures....

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