forestal
I'm the Boss of Me
China looses 5% in single day, Japan and Europe crashes too, one guess what's going to happen on Tuesday's Wall Street....
Global markets plunge as anxiety over U.S. recession grows - Jan. 21, 2008
Global markets plunge as anxiety over U.S. recession grows - Jan. 21, 2008
LONDON (AP) -- Stocks fell sharply worldwide Monday following declines on Wall Street last week amid investor pessimism over the U.S. government's stimulus plan to prevent a recession.
U.S. markets were closed for Martin Luther King Jr. Day, but the downbeat mood from last week's market declines there circled through Europe, Asia and the Americas. Britain's benchmark FTSE-100 slumped 5.5 percent to 5,578.20, France's CAC-40 Index tumbled 6.8 percent to 4,744.15, and Germany's blue-chip DAX 30 plunged 7.2 percent to 6,790.19.
In Asia, India's benchmark stock index tumbled 7.4 percent, while Hong Kong's blue-chip Hang Seng index plummeted 5.5 percent to 23,818.86, its biggest percentage drop since the Sept. 11, 2001, terror attacks.
U.S. markets were closed for Martin Luther King Jr. Day, but the downbeat mood from last week's market declines there circled through Europe, Asia and the Americas. Britain's benchmark FTSE-100 slumped 5.5 percent to 5,578.20, France's CAC-40 Index tumbled 6.8 percent to 4,744.15, and Germany's blue-chip DAX 30 plunged 7.2 percent to 6,790.19.
In Asia, India's benchmark stock index tumbled 7.4 percent, while Hong Kong's blue-chip Hang Seng index plummeted 5.5 percent to 23,818.86, its biggest percentage drop since the Sept. 11, 2001, terror attacks.
European markets drop fast at opening
The opening in London, Paris and Frankfurt markets has been ugly, just like Asia. Where are the Republican presidential candidates during this collapse? They're still talking about tax cuts instead of addressing real world problems that their party created. It's incredible to even imagine that we're heading into a recession - if we're not already there - and this group is debating issues that were laid to rest a few years ago. Outside of extreme right wing circles, people know that tax cuts do not "pay for themselves" as the right likes to say. Never have, never will. They can provide benefits but as a long term solution to the current economic problems, not at all.
Asian markets drop hard in response to Bush stimulus
Bush is not very popular with voters at home. The Middle East dislikes him as much as ever. Wall Street wasn't happy and today, the Nikkei lost 3.9% and Hong Kong's Hang Seng has dropped 3.5%. China, who has to be worried about a failing US economy, shed an amazing 5.1% on the Shanghai Composite.
The opening in London, Paris and Frankfurt markets has been ugly, just like Asia. Where are the Republican presidential candidates during this collapse? They're still talking about tax cuts instead of addressing real world problems that their party created. It's incredible to even imagine that we're heading into a recession - if we're not already there - and this group is debating issues that were laid to rest a few years ago. Outside of extreme right wing circles, people know that tax cuts do not "pay for themselves" as the right likes to say. Never have, never will. They can provide benefits but as a long term solution to the current economic problems, not at all.
Asian markets drop hard in response to Bush stimulus
Bush is not very popular with voters at home. The Middle East dislikes him as much as ever. Wall Street wasn't happy and today, the Nikkei lost 3.9% and Hong Kong's Hang Seng has dropped 3.5%. China, who has to be worried about a failing US economy, shed an amazing 5.1% on the Shanghai Composite.
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