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Global Economy: Factories Hit Worldwide as Commodity Prices Soar

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posted on Jul, 1 2008 @ 01:12 PM
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Global Economy: Factories Hit Worldwide as Commodity Prices Soar


www.guardian.co.uk

LONDON/TOKYO July 1 (Reuters) - Soaring commodity costs are denting manufacturing activity in Asia and Europe and the outlook looks bleak as new orders drop off in the face of rising prices, surveys showed on Tuesday.
Manufacturing activity in the euro zone contracted in June for the first time in three years while business confidence in Asia's largest export markets is buckling and output has likely contracted further in the United States.
(visit the link for the full news article)




posted on Jul, 1 2008 @ 01:12 PM
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Jeez, this is becoming ever sombering...This "ripple" effect seems to be sparing virtually no one...Pretty sad when energy and food become the catalysts for worldwide poverty and strife. Some strange times we're living in...Hopefully this gets turned around soon, but things don't look terribly promising at this point.

www.guardian.co.uk
(visit the link for the full news article)



posted on Jul, 1 2008 @ 02:48 PM
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Originally posted by DimensionalDetective


Jeez, this is becoming ever sombering...This "ripple" effect seems to be sparing virtually no one...Pretty sad when energy and food become the catalysts for worldwide poverty and strife. Some strange times we're living in...Hopefully this gets turned around soon, but things don't look terribly promising at this point.

www.guardian.co.uk
(visit the link for the full news article)


I totally agree, great find DD ! You are a machine on here, very fast to post great new topics


Only time will tell, but they say time is an illusion..., So only the "Illusion" will tell what will happen soon.

Take care.

Grinder



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