PARIS (AFP): The fall down of the sub-prime mortgage market place in the United States and the following international economic recession has forced the sharpest decline in the world stock markets since the end of the Internet fizz in 2001-2002.

During the last year, forthcoming indices have lost by 12 to 25 % of their value.

The prevailing drop has been in Tokyo, 23.6 %, subsequent to Paris, 20.7 %, the Dow Jones Industrial Average in New York, 14.8 %, the US Standard and Poor’s 500 index, 13.6 %, Frankfurt, 12.2 %, and London, 12.1 %.

…read the rest of this entry»

Economic recession is surpassing day by day all around the world as it was seen two weeks before, the oil prices reached at $134.59 led towards a mammoth amount of inflationary cycle and ruined the behavior of the people of the United States, hence they agitated against the Bush regime.

The biggest impact of high oil prices and prevailing inflation is the declining economic market where both the supply and demands have been badly shattered and led the industrialists and employers especially of the U.S into absolute demoralization.

Meanwhile, the stock market rates in the United States of America are getting declined with the passage of inflationary times, such as Wall Street decline in shares, American International Group Inc, American express Co, Bank of America Corp, Goldman Sachs Group Inc, etc.  The analysts are saying that those companies have been facing a mammoth amount of decline in their shares and profit.

…read the rest of this entry»

As oil reached at $139.54 per barrel two weeks before has impacted greatly on the U.S economic structure. Today, million of the United States civilians are deadly worried while seeing at the hovering oil and gasoline prices rates.

The economic is going on under the recessionary and inflationary cycle which is being carried on since the oil and gasoline prices have been raised in the U.S. The majority of the people in the United States are agitating so much against the policies of the President Bush regime, while Bush says no matter, because the U.S is the solo and dominant country in the world, ruling upon all over the world.

Asian economic market is also declining these days due to high oil prices in the U.S and all over the Euro around. These effected countries are India, Afghanistan, Indonesia, Sri Lanka, Pakistan, etc moving along with economic-recession.

…read the rest of this entry»