Global stocks plunge on interest rate fears

[Jack113]

Thursday 8th June, 2006

Big News Network.com http://bignewsnetwork.com

Stocks around the world have fallen sharply Thursday as fears build over U.S. interest rates.

The Australian market lost $25 billion of its value in its biggest fall since the September 11 2001 terrorist attacks, while Tokyo's Nikkei 225 plunged nearly 500 points. European bourses fell an average 3% in their worst day in more than a year.

Behind the falls is a concern the U.S. Federal Reserve will continue raising interest rates in response to heightened concerns over inflation.

Looks like Bush is trying to manuver the world economy again. Bush and his gang should stick to someting they do good like murdering innocent people for profit.

[Earth_First]

1. Had enough yet? n/t

[HereSince1628]

2. But, the oil stocks came back late in the day.

Who the heck dropped that money into the mix?