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NY Times: As Market Tension Builds, World Leaders Ponder Response
New York Times ^ | August 7, 2011 | By JACK EWING

Posted on 08/07/2011 9:21:42 AM PDT by Oldeconomybuyer

FRANKFURT — Policy makers around the world were searching on Sunday for a way to respond to market tensions that seemed to be growing too powerful for any one economic superpower to cope with alone.

In a sign of the acute tension, stock markets in the Middle East fell in Sunday trading, while the Tel Aviv exchange delayed opening for the first time since the collapse of Lehman Brothers in 2008..

Market circuit breakers kicked in after opening prices were down more than 5 percent, Reuters said.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: election2012; failure; obamanomics; socialism


1 posted on 08/07/2011 9:21:45 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer
Russia's short, I'm sure.

This all happened once before.

2 posted on 08/07/2011 9:22:46 AM PDT by _a_0_0_
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To: _a_0_0_

If there is any sanity left in DIZZY, congress will be called back into session and it will pass Cut, Cap and Balance.


3 posted on 08/07/2011 9:26:44 AM PDT by old curmudgeon
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To: Oldeconomybuyer
Policy makers around the world were searching on Sunday for a way to respond

Here's my suggestion for them:


4 posted on 08/07/2011 9:27:35 AM PDT by Lancey Howard
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To: old curmudgeon

Why are they waiting for Market response.

The Market is responding to their screw ups.

Last week they voted for more credit. DeMint told them what would happen, they didn’t listen.


5 posted on 08/07/2011 9:30:05 AM PDT by Venturer
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To: old curmudgeon
If there is any sanity left in DIZZY, congress will be called back into session and it will pass Cut, Cap and Balance.

But Ubama would insist upon cap-and-tax instead.

6 posted on 08/07/2011 9:30:54 AM PDT by E. Pluribus Unum (Palin is coming, and the Tea Party is coming with her.)
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To: Oldeconomybuyer

So the liberals are “pondering?” Do we pay them to ponder? I thought these guys knew what they were doing. Why do they need to ponder?


7 posted on 08/07/2011 9:31:04 AM PDT by Brilliant
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To: Oldeconomybuyer

it does not require a world response; it requires a new u.s. president that is for free markets.


8 posted on 08/07/2011 9:34:33 AM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: Oldeconomybuyer

Heard the response from billery was to put some ice on it.


9 posted on 08/07/2011 9:35:05 AM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
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To: old curmudgeon

They should but there isn’t any sanity. And as for passing Cut, Cap and Balance.... not a prayer with this mix of political hacks. They are all political hacks.

A bunch of worthless, self-serving, selfish, greedy political hacks.


10 posted on 08/07/2011 9:36:52 AM PDT by Sequoyah101 (Half the people are below average.)
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To: Oldeconomybuyer
America's enemies smell blood and they are going for the FULL kill, while ALL our representatives are out there parting, golfing and having a FREAKIN whirl of a time....GOD HAVE MERCY! My deep deep prayer is, “Lord please remove this EVIL HATEFUL COMMUNIST ANTI-GOD MAN from the presidency anyway possible”!! YES I'M PRAYING THAT WAY...absolutely!! My grandchildren future is at stake!! AND I'M spitting nails!!!
11 posted on 08/07/2011 9:37:26 AM PDT by RoseofTexas
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To: Lancey Howard

I think that is something we could support and even celebrate. Might call for a spontaneous national day of celebration.

Won’t happen though, they love themselves too much. They have no humility.


12 posted on 08/07/2011 9:42:40 AM PDT by Sequoyah101 (Half the people are below average.)
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To: Oldeconomybuyer
“They just can’t allow the Italian economy to go down the tubes. It would be a Lehman-type situation,” Uri Dadush, a senior associate at the Carnegie Endowment for International Peace, said Sunday. He was referring to the collapse of the investment bank Lehman Brothers in 2008, which touched off the global financial crisis.

Counties run by groups drunk with the power of 'charging' their bills - rather than paying for what they buy - WILL GO UNDER. It's not the fault of neighbors who ARE responsible.

What's going to happen to Italy will also happen to us if we keep spending like liberal drunk sailors...

13 posted on 08/07/2011 9:43:58 AM PDT by GOPJ (The United States is BROKE because dems can't control their spending - STOP CHARGING dems-STOP NOW)
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To: no-to-illegals

What IS billy boy saying?

What is Glenn Beck saying?


14 posted on 08/07/2011 9:45:53 AM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: RoseofTexas
In catastrophe there is opportunity. When the system comes apart, there is the chance to clean house...

Politicians rely on a steady state system if they are going to pillage. When their armed guards start dangling from trees, it's time to get out of Dodge. I might suggest that the skin-head, bloused boot thugs start planning on where they can hide. A Glock doesn't have the range of an M-1 or a .308 deer rifle...

15 posted on 08/07/2011 9:46:33 AM PDT by jonascord (Politicians should be pelted with human manure, weekly, to remind them of their worth to society.)
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To: Oldeconomybuyer

This economist was on The Mike Church Show last week and said that what will happen is that there will be a one world response - shift to global governance and Central Banking. How true.

But look at the debt and spending growth by these thieves!

http://confoundedinterest.wordpress.com


16 posted on 08/07/2011 9:49:13 AM PDT by Squidster
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To: Oldeconomybuyer

This is starting to sound like “The Day After the Dollar Crashes”

http://www.youtube.com/watch?v=qAfiN9bZsSc


17 posted on 08/07/2011 9:51:51 AM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: RoseofTexas
Lord please remove this ... from the presidency...

Now, wait just a minute. Yes, he may be a bit evil and hateful, and certainly somewhat of a communist Anti-God, but I'm sure he's not.. uh... wait, what was that third thing you called him?

18 posted on 08/07/2011 10:17:18 AM PDT by C210N (0bama, Making the US safe for Global Marxism)
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To: Terry Mross
Last time I checked billy boy he was preparing to do someone and it tweren't hillarity.

hillarity was on a huma hunt (somewhere below and above the beltway).

Last time I listened to Glenn, Glenn was saying to prepare. I think it was due to the number of zer0s.

19 posted on 08/07/2011 2:42:03 PM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
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