Asia, Europe, Ameircan stocks decline on global recession concerns
Peter Oberois
Jul. 5, 2010

Double dip is what is worrying the stock markets at this stage. The yen increased against the euro and US Treasuries advanced.

According to media reports, MSCI Asia Pacific Index dropped for the fifth time in six days, with five stocks falling for every two that rose. Japan’s Nikkei 225 Stock Average fell 0.9 percent, the biggest decrease among benchmark gauges in the Asia-Pacific region.

Crude oil has come under a surprising bit of pressure because of worries about the global economy.

Gold is also falling sharply as Governments find stimulus on borrowed money useless.

Asia, Europe, Ameircan stocks decline on global recession concerns
Peter Oberois
Double dip is what is worrying the stock markets at this stage. The yen increased against the euro and US Treasuries advanced.
READ MORE>>

BP Gulf oil spill far worse than reported officially
Sandra Johansen
Some tar balls were found Saturday on the Bolivar Peninsula, northeast of Galveston. All Gulf states are now suffering from BP oil spill.
READ MORE>>

President Barack Obama said that regulatory authorities are evaluating the unusual market activity on Wall Street
Sam Adelton
Obama commented on Friday's report that the economy had added 290,000 jobs last month while the unemployment rate inched up to 9.9 percent.
READ MORE>>

Will stock crash on Friday after a massive sell off today?
Peter Oberois
Dow Jones industrials to a loss of almost 1,000 points before recovering. A computer error caused the glitch according market rumors? Was it really that or is it just of the next leg of the global meltdown triggered by national bankruptcy like Greece?
READ MORE>>

The currency crisis is going to get worse creating global financial crisis: Commidity Guru Jim Rogers
Sam Adelton
...some more countries going bankrupt in this period of time because these imbalances still exist.
READ MORE>>

The Chinese economy is going to slow down regardless. It is more likely that we will even have a crash sometime in the next nine to 12 months: Marc Faber
Kirt Olfson
As much as 60% of China's gross domestic product relies on construction, he said. Rogoff said in February a debt-fuelled bubble in China may trigger a regional recession within a decade.
READ MORE>>

United Airlines parent UAL Corp and Continental Airlines Inc agreed to merge to form world's biggest carrier
Sam Adelton
United’s name and Chicago headquarters will be retained, while Continental Chief Executive Officer Jeff Smisek, 55, will become the CEO and United’s Glenn Tilton, 62, will be non-executive chairman.
READ MORE>>

sovereign debt from the U.S. to Japan and Greece will lead to higher inflation or government defaults : Nouriel Roubini
Paula Rabke
The thing I worry about is the buildup of sovereign debt...it will cause Government defaults or hyperinflation as Governments print money without any control or checks.
READ MORE>>

MORE ARTICLES >>