156.70 (2.96%) 89.14 (2.25%) 1,127.53 (5.07%) 119.91 (5.03%) 6.51 (0.54%) 514.61 (4.20%) 70.67 (2.02%) 85.88 (3.03%) 60.39 (3.77%) 253.46 (3.11%)Posted on 03/16/2008 7:34:49 PM PDT by TigerLikesRooster
| Symbol | Name | Last Trade | Change | Related Info |
|---|---|---|---|---|
| ^AORD | All Ordinaries | 5,131.80 |
156.70 (2.96%) |
Components, Chart, More |
| ^SSEC | Shanghai Composite | 3,873.54 |
89.14 (2.25%) |
Chart, More |
| ^HSI | Hang Seng | 21,109.58 |
1,127.53 (5.07%) |
Components, Chart, More |
| ^BSESN | BSE 30 | 15,760.52 |
0.00 (0.00%) | Chart, More |
| ^JKSE | Jakarta Composite | 2,263.51 |
119.91 (5.03%) |
Components, Chart, More |
| ^KLSE | KLSE Composite | 1,194.84 |
6.51 (0.54%) |
Components, Chart, More |
| ^N225 | Nikkei 225 | 11,726.99 |
514.61 (4.20%) |
Chart, More |
| ^NZ50 | NZSE 50 | 3,430.24 |
70.67 (2.02%) |
Components, Chart, More |
| ^STI | Straits Times | 2,753.13 |
85.88 (3.03%) |
Components, Chart, More |
| ^KS11 | Seoul Composite | 1,539.87 |
60.39 (3.77%) |
Components, Chart, More |
| ^TWII | Taiwan Weighted | 7,907.93 |
253.46 (3.11%) |
Chart, More |
I don't know about panic, but I think I'll avoid walking under open windows for a while.
Northern Rock
You made the argument yourself. Let's pretend you're china. How long you gonna let your currency go into the tank? You have to buy things, too.
They'll panic.
And I'm not convinced this isn't in the minds of those who influence the price of the dollar. Haven't been for some time.
yeah, for sure.
You know, London was overtaking NY as a financial center, too, owing (so the argument went) to Sarbanes-Oxley.
I fear this financial meltdown will allow a Marxist like B. (whose middle name may NEVER be spoken) Obama to get elected.
Who says the Chinese currency is going into the tank?
Which market in the world, is the most resistant to Chinese imports?
(hint, it’s not America - we’re doormats)
What is the currency, in that market?...
Can EU guess what that does, to the market forces in that market?
Just another way of looking at things. :)
What sort of stocks do you suggest buying in this uncertain time?
it's pegged to the dollar...
My thought as well. At some point I still see the EU unraveling at the seams - too much diversity amongst the membership - the uglier things get, the more the interests of the different EU members will be pitted against one another and I don't know that the union will hold. Europe has a long history of war.
then there’s russia.
Both of my parents are over 80 and I don't think either of them expected to have to live through another depression. I know most people my age are in for a rude awakening.
what would we care about a ‘global’ bank run. Isn’t our government supposed to be looking after the American people’s interests, not the globes?
Good to see Cantor Fitzgerald sticking around. They were decimated by their losses on 9/11. A loss of at least 750 employees.
We seem to be on two wavelengths.
Imho, the EU is one of the most closed markets, outside Asia.
Ironically it could just be European chauvanism and (especially) anti-Bush Euroweenies’ almost visceral need to feel they’ve somehow bested America - that could demolish a lot of European companies.
A increasingly strong Euro, just might be the entire agenda in global financial markets right now - but for completely different reasons. In fact, I’m not even clear who might be driving this thing.
Our trade situation vis-a-vis China is virtually unchanged. That much is static.
We’re doormats, and that’s the current equilibrium.
Europeans are not doormats. They’re now finding a potential flood of Chinese imports are even CHEAPER now, than they were 2 months ago. By a significant amount.
Not sure I understand how the entire game is being played, but I’m 100% certain there’s a (lot) more going on right now than meets the eye.
On a whole number of levels.
Whatever happens (and I don’t believe it will be as bad as another depression), we need to make sure that everyone understands that it is Not the fault of Bush and the Republicans. The natural inclination of the public will be to blame the current administration, just like they blamed Herbert Hoover. The real blame lies with Carter, Clinton and the Democrat Party, and we need to make sure that the public understands that.
A bigger problem is that it will create popular political forces that will have the effect of making it not matter whether or not “B” gets elected. Under sufficient pressure from handout-demanding voters, Congress (Ds and Rs alike) will vote to increase every kind of handout ever invented, and then invent some more. And they’ll do it in sufficient numbers to make the handouts veto-proof.
I couldn’t agree more!!
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