1/21/08: "its biggest [world stock market] percentage drop since the Sept. 11, 2001, terror attacks." And it's all because of worldwide pessimism about George W. Bush's economic stimulus package.
"its biggest [stock market] percentage drop since the Sept. 11, 2001, terror attacks."
Pessimism about the Bush economic stimulus package this morning has led to the biggest one day loss in the world stock markets since 9/11/2001. U.S. stock markets are closed for Martin Luther King Jr.'s birthday, but what happens tomorrow morning when they re-open may set the tone for a recession faster than anyone previously accepted.
Time to sell your grills for Euros!
Comments? Do you have any faith in the Bush economic stimulus package to reverse the path to recession America is on? Or do you think it will mainly assist the benefactors of his original tax cuts (the wealthy). What does this mean for college students and people entering the workplace or buying a home for the first time?
-zen