Fear about world economy sends markets lower

Fear about world economy sends markets lower

NEW YORK (AP) - Stocks plunged Thursday, extending a rout around the world. Indicators across the financial markets had investors concerned that there’s no clear way the U.S. will avoid another recession.

At noon Eastern time, the Dow Jones industrial average fell 425 points, or 3.8 percent, to 10,699.

It fell 283 points on Wednesday after a tacit acknowledgment from the Federal Reserve that the U.S. economy won’t improve anytime soon.

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Fear about world economy sends markets lower

And then there’s this:

Lack of confidence in leaders cited in market losses

NEW YORK, Sept 22 (Reuters) - World stocks and commodities tumbled on Thursday as weak data from China crystallized investor fears about a global recession one day after a grim economic outlook from the U.S. Federal Reserve.

Stocks tumbled more than 4 percent and commodities took a beating. The U.S. dollar climbed to a seven-month high against major currencies .DXY as investors fled risky assets.

Weak data from Germany and China helped push investors to safe U.S. government bonds, where benchmark yields again touched lows not seen in 60 years.

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GLOBAL MARKETS-World stocks tumble 4 pct on recession fears

And this:

One in Five New York City Residents Living in Poverty

Poverty grew nationwide last year, but the increase was even greater in New York City, the Census Bureau will report on Thursday, suggesting that New York was being particularly hard hit by the aftermath of the recession.

From 2009 to 2010, 75,000 city residents were pushed into poverty, increasing the poor population to more than 1.6 million and raising the percentage of New Yorkers living below the official federal poverty line to 20.1 percent, the highest level since 2000. The 1.4-percentage-point annual increase in the poverty rate appeared to be the largest jump in nearly two decades.

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One in Five New York City Residents Living in Poverty

And how bad is it when THIS is a story?

10 things to do if you have just lost your job

Here 10 things to do after you have lost your job. As important as family support is to your life, you have a lot to sort through and may want to seek advice from independent professionals.

1. Contact a career coach. Have you met with one? Most will give you the first meeting at no cost or obligation and you can brainstorm. Even this one meeting might give you some great ideas. Before you sign on with one, make sure you have shopped around to find one you like.

More on this story here:
10 things to do if you have just lost your job

And in typical Obama fashion;

Obama: Americans must pay fair share to cut deficit

WASHINGTON — President Barack Obama said on Saturday that Americans need to be ready to “pay their fair share” to narrow the deficit, previewing his proposals to Congress that are expected to include more taxes on the rich.

In his weekly radio and video address, the Democrat said his $447 billion jobs plan that features tax breaks for workers and small businesses, plus funds for public works projects and schools, “will not add to the deficit. It will be paid for.”

Obama: Americans must pay fair share to cut deficit

Have you noticed? Every time Barack Hussein Obama opens his mouth the markets take a dive and we ALL lose, well, the *little people* lose.

If I didn’t know better I would think that there are some high-powered financial guys that are manipulating the markets just to show Obama that HE is not in charge of a thing and is truly a puppet on a string, one that is not necessarily pulled by just Soros and his cabal of Socialist billionaires.

America faces financial dangers from ALL directions. China owns more of America than we do, America is at the mercy of *world markets* and it appears that there is nothing that can be done about it. Americans are seeing their savings, 401K accounts and annuities fade to nothing as our money rides off into the sunset.

Unemployment, and UNDER employment are running rampant, and I will tell you what I believe the cause of this phenomenon to be; President Barack Hussein Obama. Every part of his administration, his skewed ideas of what to do and how to do it, his narcissism, his Socialism, his inbred hatred of all things American and his Muslim education.

Report THAT to AttackWatch.com Obama lovers!