Thursday, July 3, 2008


What's worse than warning the world about bad news like this? Talking up a good situation and then having to report - after the fact, when it is too self evident to do any freaking thing about it - on a new reality that falls pretty freakin' short of all that 'optimistic and uncritical' speculation.
A global sell-off pushes world stocks to five-month low 


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LONDON - A global sell-off knocked world shares to a five-month low today as surging oil fanned concerns about inflation and slowing growth, ahead of an expected euro zone interest rate hike and a key US jobs report.

The gloom was all-pervasive, with Tokyo stocks setting their longest losing streak in more than half a century while the dollar hit a two-month low against the euro.

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