Markets Brace For The Worst (Shades Of 1987?)

The Telegraph (UK) ^ | 5-15-2006 | Ambrose Evans-Prichard

[P.O.E.]

Tokyo is flat so far tonight.

[RayChuang88]

This should not be happening unless someone, in my opinon, **cough** George Soros, is dumping dollars.

I have this feeling that the SEC, FTC and maybe even the FBI are closely monitoring all the financial activities of various hedge and mutual funds that have been strongly funded by the likes of George Soros, Warren Buffett, Peter Lewis and Steve Bing. If all four are trying to deliberate ruin the economy to help the Democrats you could see the Feds take all four down on securities fraud charges, and that could have some really ugly effects against the Democrats.

[devane617]

Tokyo is down 268 right now and has been off since open.

http://www.nni.nikkei.co.jp/CF/FR/MKJ/

[WackySam]

When the price of energy increases (e.g. oil), the cost of producing widgets increases proportionately.

No it doesn't.
Not unless your widget is produced from 100% energy.

[P.O.E.]

Nikkei opened with a drop, and seems to have stabilized at the new level.

[CheyennePress]

"All of this is of great concern to economists, who have predicted eleven of the last three recessions."

May I nominate this for line of the day? HAR HAR! I like it!

[RayChuang88]

George tried to destroy Korea, but even that far smaller economy survived his attack.

What Soros and his friends pulled off in Asia in 1997-1998 nearly destroyed the Asian economy until severe measures were taken to protect the Asian markets. It's only within the last 2-3 years that they've recovered from that fiasco.

[muawiyah]

Depends on the percent of widget production costs that can be attributed to oil. That's why I used the term "proportionately".

Which means your statement is correct except where you say my statement is incorrect.

Rather, we have said exactly the same thing. BTW, sometimes widgets are made OUT OF OIL, e.g. saran wrap. The road in front of my house is also made out of oil (and rock).

[IncPen]

May I nominate this for line of the day? HAR HAR! I like it!

It's not my line, I just like to repeat it. I think I first read it on FR.

[muawiyah]

Nikkei stock market performance usually has no relationship to anything.

[muawiyah]

Which is a nice way of saying "they survived", right?

I didn't say they prospered!

[blam]

"If all four are trying to deliberate ruin the economy to help the Democrats you could see the Feds take all four down on securities fraud charges, and that could have some really ugly effects against the Democrats."

Let's hope so.

[oceanview]

show me any evidence the this administration has been willing to use the power of the justice department to investigate/prosecute any of the hijinks of its political enemies.

[the invisib1e hand]

the tagline bit is kinda funny, i have to admit.

[the invisib1e hand]

and Soros got credit for the selloff in the Pound in 1992, I think it was.

[IncPen]

Inflation is nominally defined as 'too much money chasing too few goods'.

That's like saying guns shoot people.

No, it's like saying that when there's too much money in the economy and a shortage of things to buy, prices will rise. Like oil. Like real estate. Like tulips way back when.

And the cure in recent years has been rising interest rates (GotFederalReserve Much?). You need to get your analogies straight, Moonie.

[P.O.E.]

AP is claiming Japan's drop is a follow-on to the US market drop. But you're right, correlation does not imply causation.

[devane617]

Thanks. Anything else I can do for you please let me know.

[the invisib1e hand]

Thanks. Anything else I can do for you please let me know.

Now look, I really thought the tagline was cute -- a clever response.

[RayChuang88]

Actually, Soros caused a financial crisis with the British Pound in 1994, not 1992. I don't think he can try to damage the US economy because given his political history and the fact there are pretty tight controls in place at the SEC and FTC, any suspicious activity will be flagged in very short order.