DOWN DOWN AND DOWN IT GOES
It is UGLY
MEANWHILE, IN AMERICA....
The Official State Propaganda Organs are trying to PLAY DOWN what’s happening in Asia, leading with headlines for morning like USA Today’s:
“Asian markets unmoved by U.S. debt deal
HONG KONG — Asia-Pacific markets shrugged off the U.S. government’s debt-limit compromise to avert a default amid fears that America’s faltering economy could endanger the global recovery.”
Read further, of course, and the story becomes very different than the headline, but how many people read past headlines, anymore?
Or, try Reuter’s:
“US debt deal welcomed in Asia, downgrade still possible”
and:
“S&P says markets have discounted possible US downgrade”