Global Stocks plunge.

In economics/money, Foreign Affairs on January 22, 2008 by Editor Z

Stocks around the globe fell Monday, due to economic unease in the United States.

Global markets have with stocks falling steeply yesterday, as anxieties and poor economic indicators have reduced confidence in the United States.

In the United States Lackluster holiday sales, a deteriorating credit situation , a weak dollar, and a bad housing market are just some of them, have brought on the economic unease, which is reverberating in the stock markets of countries around the globe, especially Europe, Asia,and Australia amongst other places.

MY TAKE: Based upon all the talk, it appears that difficult times might not just be on the horizon, but just a few feet in front of us.

Also from reports I have heard, its not whether or not we are or will be in a recession that is causing so much worry in economies around the world. The major concern is the length of time it will last and how severe things will get.



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