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Global markets tumble on Fed worries -- Tokyo stocks tumble by 4 percent, biggest one-day loss in two years

 
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06/13/2006 04:04 PM
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Global markets tumble on Fed worries -- Tokyo stocks tumble by 4 percent, biggest one-day loss in two years
LONDON - Renewed worries about interest rates sent global markets tumbling Tuesday, with the Japanese index plunging more than 4 percent in its biggest one-day loss in two years. European stocks followed, and Columbia led Latin Americas markets lower, dropping 8.8 percent.

Concerns over increasing inflation, higher interest rates and slowing growth have been rattling world markets. Investors have been dumping stocks on worries that the U.S. Federal Reserve might raise interest rates again. The European Central Bank raised its key rate last week, and the Bank of England raised investor concern that it may as well.
[link to www.msnbc.msn.com]

Better hope your garden holds up.
"Until you are willing to organize your friends and neighbors and literally shut down cities - drive at 5mph through the streets of major cities on the freeway and stop commerce, refuse to show up for work, refuse to borrow and spend more than you make, show up in Washington DC with a million of your neighbors and literally shut down The Capitol you WILL be bent over the table on a daily basis." Karl Denninger

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