Read the entire article and it's clear that the author has no proof to tie market decisions to Palin, at all. Zero. He clearly despises Palin and the headline is a lame attempt to provide objectivity to what is nothing more than a nasty little rant.
So basically ... the author is a jackass?
If we're concerned about the effect of poor decision making on markets, then what we need are criminal penalties for Fed board members who recklessly shoot their stupid mouths off with no regard for the consequences, one of which is to knock tens of thousands of dollars off my 401-K in a single day.
“So basically ... the author is a jackass?”
He sure is, a stupid, malicious one at that. IOW nobody can be that stupid, he is willing to destroy the country’s economy by promoting Obama and attacking McCain/Palin.
Here is why the markets tanked Thursday.
Dow plunges after warning of ‘financial tsunami’
http://business.timesonline.co.uk/tol/business/economics/article4678523.ece
Weary investors in the United States received a further pummelling yesterday as data showed new unemployment claims at a near-five-year high last week, a leading fund manager gave warning that America faced a “financial tsunami” and key retailers released disappointing sales figures.
The data, combined with a call by the manager of the world’s biggest bond fund for the Government to inject more money into the banking system, spooked US investors already jittery about the outlook for the global economy. Bill Gross, co-chief investment officer of Pimco, said that the US was confronted by “systematic debt liquidation”. He added: “Unchecked, it can turn a campfire into a forest fire, a mild asset bear market into a destructive financial tsunami.”