{"id":4176,"date":"2008-01-22T00:28:00","date_gmt":"2008-01-22T00:28:00","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/fear_routs_world_stocks_french_german_indexes_fall_7\/"},"modified":"2008-01-22T00:28:00","modified_gmt":"2008-01-22T00:28:00","slug":"fear_routs_world_stocks_french_german_indexes_fall_7","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=4176","title":{"rendered":"Fear routs world stocks; French, German indexes fall 7%"},"content":{"rendered":"<p>Stock markets across Europe and Asia plunged Monday on fears that President Bush&#8217;s emergency economic stimulus plan won&#8217;t ward off recession in the USA.<br \/>\nAt one point during the day, stock indexes in London, Germany and France faced their biggest drops since the Sept. 11, 2001 terror attacks on the World Trade Center in New York.<\/p>\n<p>Monday&#8217;s sell-off, which started in Asia and spread to Europe, followed the worst week for U.S. stock markets in five years, as investors registered their forecast for the world&#8217;s biggest economy.<\/p>\n<p>U.S. financial markets were closed Monday for the Martin Luther King Jr. holiday, but U.S. stock index futures were down sharply, suggesting investors don&#8217;t have much hope of Wall Street leading a rebound when it returns to business Tuesday.<\/p>\n<p><a href=\"http:\/\/www.usatoday.com\/money\/markets\/2008-01-21-stocks-mon_N.htm\">Read it all<\/a>.<\/p>\n<p><b>Update<\/b>: <a href=\"http:\/\/www.nytimes.com\/2008\/01\/21\/business\/22stox-web.html?hp=&#038;pagewanted=print\">There is more here<\/a>, including this:<\/p>\n<blockquote><p>\u201cThere is indeed some panic,\u201d\u009d said Thomas Mayer, the chief European economist at Deutsche Bank in London. \u201cWhat we\u2019re seeing, in Europe and Asia, is that the markets are pricing in a recession.\u201d\u009d<\/p><\/blockquote>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock markets across Europe and Asia plunged Monday on fears that President Bush&#8217;s emergency economic stimulus plan won&#8217;t ward off recession in the USA. At one point during the day, stock indexes in London, Germany and France faced their biggest<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=4176\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,201,149,200,599],"tags":[],"class_list":["post-4176","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-asia","category-economy","category-europe","category-stock-market"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/4176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4176"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/4176\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}