» 08/08/2011, 00.00
Asia stock markets plummet amid fears of new global crisis
All markets slide, some loosing up to 5%. A decline or stagnation of U.S. and European economies feared, with a reduction in consumption and exports from Asia. The G-7 promises to "support financial stability and growth." The ECB seems intent on buying Italian and Spanish bonds. The economies of many Asian countries at risk of. China’s criticism.
Asian stocks plummet over Eurozone debt and US “default” fear
Tokyo drops 1.53, Seoul 2.2 in, Hong Kong 2, Shanghai 1.26. Yesterday, the European stock markets were all negative. The European Ministers of Foreign Affairs draw up a new plan to save Greece. Standoff between Obama and the House of Representatives continues over whether to raise the debt ceiling to more than 14.3 trillion dollars
Economy to get double whammy
Economic forecast for the next three months indicates storm ahead as stock and credit markets collapse. The cost money is set to go up as the fight against inflation gets rougher. The dollar’s plunge could be followed by that of the euro, because of politics.
Asian stocks down: fears for European debt, while oil rises
Tokyo, Seoul, Hong Kong lost at least 1%. Shanghai also drops, because of the state banks, hit by Wen Jiabao’s "no" to their monopoly. Federal Reserve reluctant to new stimulus measures.
Asian stocks fall after the elections in France and Greece
In Tokyo -2.75%, Hong Kong -2.43, Seoul -1.81, Shanghai -0.26: the lowest in six months. The Euro falls to lowest since January. Fears that victory of anti-austerity parties will reject programs to reign in public debt, creating division in the eurozone. From 2009-2010 governments in Spain, Italy, Ireland, Great Britain, Portugal, Denmark, as well as France and Greece have changed. Signs of change in Germany.
30/09/2008 ASIA - U.S.
Depth of the abyss of economic, social, political chaos
The worldwide financial situation was disastrous even before the rejection of the U.S. emergency plan. The Paulson plan for 700 billion dollars is enormous (432,10% of the total U.S. deficit), but it pales in comparison to the mountain of financial paper in circulation, well above 20% of global economic production.
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