Dow Jones has worst June since Great Depression
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June 28, 2008, 4:53 pm
Filed under: Credit Crisis, DEBT, Dollar, Economic Collapse, Economy, Great Depression, Greenback, Inflation, Oil, Petrol, Stock Market, US Economy, central bank, dow jones, economic depression, energy, gas prices, london
Filed under: Credit Crisis, DEBT, Dollar, Economic Collapse, Economy, Great Depression, Greenback, Inflation, Oil, Petrol, Stock Market, US Economy, central bank, dow jones, economic depression, energy, gas prices, london
Dow Jones has worst June since Great Depression
Ian Lyall
UK Daily Mail
June 27, 2008
Shares plunged on both sides of the Atlantic yesterday because of fears over oil, inflation and the global economy.
In London the FTSE 100 slumped 2.6 per cent, or 147.9 points to 5518.2.
Meanwhile in America, the Dow Jones fell more than 350 points to its lowest level since October 1, 2006.
It is now on course for its worst June performance since the Great Depression of the early 1930s.
The febrile mood on trading floors came amid fears that soaring energy prices will push up inflation and erode consumer spending, dramatically reducing company profits.
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