MARKET ALERTMichelle Malkin has these stories linked this morning:
from The Wall Street Journal.
Oct. 6, 2008
Asian markets plunged as investors dismissed the passage of a U.S. bailout plan and focused instead on Europe's worsening financial crisis. The Nikkei hit a four-year low, falling 4.7% while Hong Kong ended nearly 5% lower.
European indexes tumbled in early trading, as renewed turmoil in the banking sector over the weekend heightened anxiety over the state of the global economy. The Dow Jones Stoxx 600 Index was down 3.9% at 251.20. The U.K.'s FTSE 100 Index and France's CAC-40 Index were both down more than 5%, while Germany's DAX shed 4.8%. For more on Asian markets, see: Stocks Take Further Beating in Tokyo, Sydney
For more on European markets, see: Bank Turmoil Sinks European Shares
- World markets tumble amid fears of growing financial turmoil
- London plunges as banks pump billions into market
- US STOCKS-Futures tumble as credit woes fan global rout
Now that the economy of the whole world is in a panic, we might just get the Next Great Depression the socialists in Congress have predicted for us. And the really nasty part is that we will never know what the economy might have done without the fear-mongering and meddling from our shameful government.
If the Next Great Depression starts this week, the world will rightly blame the USA for it. Fasten your seat belts, ladies and gentlemen.
The socialists have developed a mechanism for dealing with the failures of Marxist thought. It goes like this: "If the medicine doesn't work, it is only because we haven't taken enough of it." In this case, the experts in Congress will be calling for more bailout.
Get ready for another nasty big Marxist pill from Dr. Congress.
Hiding in the bailout lard: socialist voter-fraud outfit ACORN got a piece of the bailout pie.
Update: 10:20 AM Drudge Report screen capture. It looks grim.