Friday, February 05, 2010

BBC News - Global stock markets tumble on debt concerns

Some investors believe the recovery is the direct result of governments pumping billions of dollars into their economies to stimulate demand.

When they stop pumping money in, they fear, economies will begin to shrink again.

Growing budget deficits mean that governments cannot afford to spend much more on boosting their economies.

"The real concern is that the whole recovery is nothing more than poorly-directed government stimulus which has simply had the effect of boosting asset prices," said David Morrison at GFT.


BBC News - Global stock markets tumble on debt concerns
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