Asian Stocks Drop, Extending Worst Slump Since 2009

Discussion in 'Economy' started by BDBoop, Aug 7, 2011.

  1. BDBoop
    Offline

    BDBoop BANNED

    Joined:
    Jul 20, 2011
    Messages:
    35,385
    Thanks Received:
    5,001
    Trophy Points:
    0
    Location:
    Don't harsh my zen, Jen!
    Ratings:
    +5,014
    Asian Stocks Drop, Extending Worst Slump Since 2009 - Bloomberg

    Tomorrow promises to be a thing of beauty. Thanks, Tea Party!
     
  2. Si modo
    Offline

    Si modo Diamond Member

    Joined:
    Sep 9, 2009
    Messages:
    43,222
    Thanks Received:
    6,586
    Trophy Points:
    1,830
    Location:
    Fairfax, Virginia
    Ratings:
    +10,600
    Obama really fucked more than just Americans over. Thanks, Obama.
     
  3. expat_panama
    Offline

    expat_panama Gold Member

    Joined:
    Apr 12, 2011
    Messages:
    2,711
    Thanks Received:
    304
    Trophy Points:
    130
    Ratings:
    +406
     
  4. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,426
    Thanks Received:
    5,595
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,630
    The world's markets have seen the "compromise" and are less than happy with it.

    Now we can tell ourselves that the market is tanking because of some far distant problem, but I really think the market knows that the compromise does nothing to help the current economy.

    After all, the market projects about three month ahead, TOPS.

    It is reacting to the negative numbers about TODAY's economy, not some distantly future economy.

    What it is reacting to is the obvious stand off that continues to prevent this nation from taking the steps it needs to revitalize this economy.
     
  5. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,415
    Meh....All they need to do is print up a few trillion Yuan and everything will be just peachy! :rolleyes:
     
  6. dilloduck
    Offline

    dilloduck Diamond Member

    Joined:
    May 8, 2004
    Messages:
    53,240
    Thanks Received:
    5,550
    Trophy Points:
    1,850
    Location:
    Austin, TX
    Ratings:
    +6,407
    Are there any steps to get blood out of a turnip ?
     
  7. BDBoop
    Offline

    BDBoop BANNED

    Joined:
    Jul 20, 2011
    Messages:
    35,385
    Thanks Received:
    5,001
    Trophy Points:
    0
    Location:
    Don't harsh my zen, Jen!
    Ratings:
    +5,014
    I used to be a bill collector, so I'll tell you what I'd tell the people. "Get a job. Okay, get another job. Sell plasma. Sell on Ebay. Have a garage sale." I know from personal experience that it is possible to get blood out of a turnip, BUT IT INVOLVES RAISING REVENUE."
     
  8. Avorysuds
    Offline

    Avorysuds Gold Member

    Joined:
    Jul 4, 2010
    Messages:
    13,834
    Thanks Received:
    1,655
    Trophy Points:
    245
    Location:
    Eugene Oregon
    Ratings:
    +2,142
    So is this one Bush's fault too? Maybe this is where the recovery really takes off?
     
  9. waltky
    Offline

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    23,692
    Thanks Received:
    2,142
    Trophy Points:
    255
    Location:
    Okolona, KY
    Ratings:
    +5,115
    The sky is fallin'...
    :eek:
    Stocks: Fear takes center stage
    August 20, 2011: Gold keeps hitting record highs as fearful investors turn to the metal as a safe haven.
    See also:

    Stock market begins to feed economic fear
    Aug 21, `11 - The stock market is starting to feed economic fear, not just reflect it. Stocks have fallen four weeks in a row.
     
  10. expat_panama
    Offline

    expat_panama Gold Member

    Joined:
    Apr 12, 2011
    Messages:
    2,711
    Thanks Received:
    304
    Trophy Points:
    130
    Ratings:
    +406
    Futures are down again. Tomorrow should be fun.
     

Share This Page