World markets plunge on fears of growing crisis - 6 Oct 08 - Political Ravings Forum

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Worldwide Economic Issues A place to discuss the worldwide economic disasters looming. The problems that face the economy in the 2000's will make 1929 look like a walk in the park. Let us discuss this "Perfect Storm." What are your thoughts on the economy? No matter WHERE in the world?

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World markets plunge on fears of growing crisis - 6 Oct 08

10.06.2008

WiseOne

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World markets plunge on fears of growing crisis - 6 Oct 08

Quote:

LONDON - Asian and European stock markets plunged Monday as government bank bailouts in the U.S. and Europe failed to alleviate fears that the global financial crisis would depress world economic growth. Investors took scant comfort from Washington’s passage of a $700 billion plan to buy bad assets from banks and other institutions to shore up the financial industry on Friday because of the uncertainty still hanging over the details of the deal and the degree to which it will help.

Read More Here >> MSNBC

WiseOne's Comments, I think there is a lot more of this to come and it SEEMS as if the world markets are much smarter than ours to be sure.

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