21Jan/080
Asia Markets Sink Amid Pessimism Over US
Posted on Jan 21st, 2008 @ 3:48 am by CY
The US recession fear had spread across the world. Today the Asian markets are taking a big hit, especially in Hong Kong and China, both declining more than 5%. I believe the US market will drop too because of the widespread pessimism in Bush’s stimulus plan to prevent a recession.
Tagged as: asia, bush, china, drop, fear, hong kong, markets, pessimism, rate cuts, recession, recovery, stimulus, us16Jan/080
US Economy Loses Ground
Posted on Jan 16th, 2008 @ 1:16 am by CY
The whole market is down at the moment. It is not just individual stocks, it is the whole market. As mentioned last week, Goldman Sachs sees US recession in 2008. The root cause of this is the Subprime Crisis in summer 2007, which leads to the housing downturn. This had indirectly affected most of the [...]
Tagged as: cheap, citigroup, consumer spending, decline, down, Economy, goldman sachs, housing, intel, loss, market, recession, retail, shaky, subprime, uncertainty, us, volatility