News Bloody Monday
posted by January 21 at 17:18 PMon
It’s a holiday here in the U.S., so markets are closed. But it’s not a holiday anywhere else in the world—and it appears that the shit is really hitting the fan, economically speaking.
Fears that the United States is in a recession reverberated around the world on Monday, sending stock markets from Bombay to Frankfurt into a tailspin and puncturing the hopes of many investors that Europe and Asia will be able to sidestep an American downturn.
On a day when United States markets were closed in observance of Martin Luther King’s Birthday, the world’s eyes were trained nervously on the United States. Investors reacted with what many analysts described as panic to the multiplying signs of weakness in the American economy.
Tomorrow should be interesting.