World Markets Dive Amid U.S. Economy Fears
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.
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.
Your support matters…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”.
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
Editorial Cartoons
Media
As mainstream outlets continue to focus on inflation, consumer sentiment about the economy remains staggeringly low.
Opinion
Staunch capitalists like Gurner tell us every day they want more exploitation and precarity for people just trying to get by.
Ear to the Ground
The administration says the moves will safeguard renters and promote rental affordability.
Business & Economy
The cost of living might be rising faster for them.
Asia Pacific
In India, Pakistan, and Sri Lanka, religious politics has led to economic disaster.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.