Friday, June 22, 2012

Go ahead and vote for the jug-eared commie criminal again. This is all Bush's fault.


From AP via Yahoo! News:

World stocks fall amid U.S. jobs, housing gloom

World stock markets fell Friday as gloomy economic reports from the world's two biggest economies heightened fears of a sharper global downturn. In Europe, leaders were set to weigh options for fixing the continent's debt crisis.

The leaders of Germany, France, Italy and Spain are gathering in Rome on Friday to try to hammer out proposals for easing the widening financial crisis spreading across the 17-member euro currency union...


Due to time constraints, we now move to further action.

A further sign of weakness in the world's No. 1 economy came from the Philadelphia branch of the Federal Reserve, which issued a report showing that manufacturing in the northeast had experienced a sharp decrease due to a steep fall in company orders.

Appetite for financial assets such as stocks was also dented by the results of a monthly HSBC survey, which showed that manufacturing in China has continued to contract. China's growth has been a pillar of the global economy in recent years, so its slowdown has been of particular concern to investors.

According to the Slave Chinese Department of Labor Statistics, the slaves are dying at a higher than expected rate.

"With signs of weakness in the US economy, the persistence of the eurozone debt crisis and the threat of a hardlanding in China looming, the prospect of a synchronized economic slowdown is real," analysts at DBS Bank Ltd. in Singapore said in a market commentary.

Sentiment was also shaken after Moody's Investors Service lowered the credit ratings of 15 major banks, including Bank of America, JPMorgan Chase and Goldman Sachs, saying their long-term prospects for profitability and growth are shrinking...

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