Let u eens op hoe de Sjors's en Sjimmie's van de financiele redacties in Nederland de zaak belichten, het lijken wel sportverslaggevers. Het echte verhaal van doping en corruptie kan natuurlijk niet verteld worden, dan vliegen ze eruit, maar het gevolg is wel dat hun verhalen steeds absurder worden.
'As Wall Street Posts Sharp Losses, Washington Promotes “Stimulus Package”
18 January, 2008
With major Wall Street finance houses posting tens of billions of dollars in new losses, housing starts declining 30 percent compared to last year, retail sales plunging and unemployment climbing to 5 percent—a two year high—the Bush White House, the Democratic congressional leadership and the Federal Reserve Board chairman all signaled Thursday their support for the passage of an economic stimulation package.
The call for enacting measures to boost the economy came as stocks plunged for the third straight day, with the Dow Jones Industrial Average falling 306.95 points, or 2.5 percent, and the technology-centered Nasdaq composite index down by 2 percent.
The latest market decline brings total losses for the S&P 500—the benchmark list of large publicly traded US corporations—to 9.2 percent since just the beginning of this year.
Analysts attributed the market’s plunge to fresh indications that the US economy is sinking into recession and the growing conviction that the government is powerless to stop it.
A report issued by the Philadelphia Federal Reserve Bank Thursday showed factory production in the region contracting far more sharply than anticipated. The study’s manufacturing index fell by 20.9 percent—compared to a 1.6 percent fall-off the previous month—hitting the lowest level since October 2001.
The Philly Fed report has served as a barometer of manufacturing activity nationwide, and financial analysts saw the figures as the clearest signal yet that the US is on the brink of or already in recession and that the tightening credit squeeze is spreading beyond the beleaguered housing market to the core of the US economy.
Also fueling the sell-off was the congressional testimony of Federal Reserve Board Chairman Ben Bernanke Thursday. Appearing before a House budget panel, Bernanke delivered a largely boilerplate assessment of the economy, acknowledging slower growth while insisting that the Fed was not forecasting recession. He also assured lawmakers that the Fed would not “ignore” inflation, responding to a Labor Department report this week revealing that wholesale prices shot up 6.3 percent in January, the biggest increase in 27 years.'
18 January, 2008
With major Wall Street finance houses posting tens of billions of dollars in new losses, housing starts declining 30 percent compared to last year, retail sales plunging and unemployment climbing to 5 percent—a two year high—the Bush White House, the Democratic congressional leadership and the Federal Reserve Board chairman all signaled Thursday their support for the passage of an economic stimulation package.
The call for enacting measures to boost the economy came as stocks plunged for the third straight day, with the Dow Jones Industrial Average falling 306.95 points, or 2.5 percent, and the technology-centered Nasdaq composite index down by 2 percent.
The latest market decline brings total losses for the S&P 500—the benchmark list of large publicly traded US corporations—to 9.2 percent since just the beginning of this year.
Analysts attributed the market’s plunge to fresh indications that the US economy is sinking into recession and the growing conviction that the government is powerless to stop it.
A report issued by the Philadelphia Federal Reserve Bank Thursday showed factory production in the region contracting far more sharply than anticipated. The study’s manufacturing index fell by 20.9 percent—compared to a 1.6 percent fall-off the previous month—hitting the lowest level since October 2001.
The Philly Fed report has served as a barometer of manufacturing activity nationwide, and financial analysts saw the figures as the clearest signal yet that the US is on the brink of or already in recession and that the tightening credit squeeze is spreading beyond the beleaguered housing market to the core of the US economy.
Also fueling the sell-off was the congressional testimony of Federal Reserve Board Chairman Ben Bernanke Thursday. Appearing before a House budget panel, Bernanke delivered a largely boilerplate assessment of the economy, acknowledging slower growth while insisting that the Fed was not forecasting recession. He also assured lawmakers that the Fed would not “ignore” inflation, responding to a Labor Department report this week revealing that wholesale prices shot up 6.3 percent in January, the biggest increase in 27 years.'
Lees verder: http://www.countercurrents.org/damon180108.htm
1 opmerking:
Premier niet somber over economie
Donner ontkent verlies van koopkracht
Bos en Balkenende zien geen recessie komen
"Invloed crisis in VS bescheiden"
Balkenende niet bang voor economische recessie
Bos kapittelt Rutte: 'Geen sprake van recessie'
Zodra dit soor berichten veelvuldig opduiken, weet je wel hoe laat het is.
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