LOGO: Truthdig: Drilling Beneath the Headlines. A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman.Best Political Blog Winner, 2007 Webby Awards, People's Voice and Jury.   Dateline: Iraq - Anna Badkhen and Sarah Stillman on Assignment
 
May 17, 2008
Log in / Register

 Choose a size
Text Size

Reports

Arts & Culture

Digs
Inside the Data Mine

Ear to the Ground

A/V Booth

Truthdig Bazaar
Why Americans Hate Politics

Why Americans Hate Politics

By E.J. Dionne
$14.00

Boom!

Boom!

Tom Brokaw

more items

 
Ear to the Ground

World Markets Dive Amid U.S. Economy Fears

Email this item Email    Print this item Print   
Posted on Jan 21, 2008
news.bbc.co.uk

Stock markets across the world Monday suffered the worst losses since Sept. 11, 2001. The drop prompted analysts to theorize that investors have major doubts about the ability of the proposed stimulus package to mend the American economy. U.S. markets were spared by the Martin Luther King holiday.

BBC:

Last week the US government announced a financial stimulus plan which would involve about $145bn in tax cuts to encourage spending.

US bond markets, which were closed for a public holiday on Monday, are to reopen on Tuesday and many analysts say they could see sharp falls after markets worldwide reacted negatively on Monday.

Francis Lun of Fulbright Securities in Hong Kong said the falls stemmed from disappointment that the US stimulus was “too little, too late” adding that investors felt “it wouldn’t help the economy recover”.

Read more

Email Newsletter

Get truth delivered to your inbox every week.

Previous item: Remembering Martin Luther King

Next item: Israel Loosens Grip on Gaza

Jump to Comments

Advertisement


Elsewhere: .

Comments

Are you a Truthdig member yet? Login now, or register with Truthdig.

By Douglas Chalmers, January 22 at 12:54 am #
(2932 comments total)

Talk about "a surge" on

Talk about “a surge” on the stock markets! Losing 15 per minute on opening in countries around the world - several $$billion per minute each, that is. Somme have lost 20% of their value or more in the past couple of months.

Is this really all about anxieties to do with the US economy and international banks’ exposure to the US sub-prime mortgage market, though? Goes to show just how pervasive the false euphoria and resultant bad financial management has really been for some time everywhere.

Tomorrow’s US Wall Street, closed today, will most probably go down another 5% to adjust to the futures markets. Then what???

Well, I said that the US military always comes to the rescue - with another fuckin’ war!!! Try this delusional hysterics timed just right!!!:-

The west must be ready to resort to a pre-emptive nuclear attack to try to halt the “imminent” spread of nuclear and other weapons of mass destruction, according to a radical manifesto for a new Nato by five of the west’s most senior military officers and strategists.

Calling for root-and-branch reform of Nato and a new pact drawing the US, Nato and the European Union together in a “grand strategy” to tackle the challenges of an increasingly brutal world, the former armed forces chiefs from the US, Britain, Germany, France and the Netherlands insist that a “first strike” nuclear option remains an “indispensable instrument” since there is “simply no realistic prospect of a nuclear-free world”. http://www.guardian.co.uk/nato/story/0,,2244782,00.html

Thus “the challenges of an increasingly brutal world” is the new double-talk aimed at instantaneously distracting the 2-legged sheep if another Pearl Harbor-like event can’t be fortuitously stage-managed. The usual howling from that white house will begin any time now, uhh!!! Too bad that the real brutality is all in the USA’s own financial mismanagement.....

Reply to this | Report this

By waxman, January 21 at 9:09 pm #
(210 comments total)

PLEASE DON'T BLAME BUSH FOR

PLEASE DON’T BLAME BUSH FOR THIS, CLINTON LEFT HIM WITH THIS MESS TO STRAIGHTEN OUT.  I BELIEVE BETWEEN HE AND JESUS EVERYTHING WILL BE FINE IF WE HAVE ANOTHER SURGE...AND GOD BLESS AMERICA.....

Reply to this | Hide 1 reply | Report this

By essary1, January 21 at 10:25 pm #
(1 comments total)

Re: PLEASE DON'T BLAME BUSH FOR

another surge...please private message me what you mean

Reply to this | Report this

Add Your Comment

Posts by unregistered readers are moderated. Posts by members
are published immediately. Why wait? Register today!






Notify you when others comment on this article?


Are you a human?
Retype the word you see here.


Please read and abide by our comment policy.
By submitting this comment, you agree to this site's terms and conditions.

Newsletter

Get Truthdig in your inbox

Privacy Policy

 
Click here to advertise with Truthdig
 

 
Join the Liberal Blog Advertising Network
 
Robert Scheer's new book offers first-hand insight into the presidential mind
 
 
 
 
 
 

A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman.
Copyright © 2008 Truthdig, L.L.C. All rights reserved.