(Belajar Ekonomi.Com HQ Bandung) As predicted before, the world stock markets have tumbled beyond all recognition. This is because Bush’s USD 145 Billion Stimulus Package, still waiting for congressional approval which meant to cut tax rates to boost the consumption rate, is believed by the world market to give only small impact. The London market (FTSE Index), one of the prestigious stock market of Europe and one of top indicators of the European Market yesterday fell 5.48 %. Paris ’s CAC 40 decline 6.83%. While German’s Frankfurt DAX fell 7.16%. The Madrid Stock also went 7.54% lower. The south American Market took effect after the European market. Sao Paulo ’s index fell 6%, Buenos Aires index fell 4.64% and the Mexican fell 4.77%. Previously the Asian market fell in concerning figures. The Tokyo Nikkei closed 3.86% lower to 13,325.94. The Hanseng Index of Hongkong fell 5.5% lower. Chinese Shanghai Composite declined 5.1% and the Indian 7.4 %. Last week’s...
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