LOGO: Truthdig: Drilling Beneath the Headlines. A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman.Best Political Blog Winner, 2007 Webby Awards, People's Voice and Jury.   The Pornography of Power  By Robert Scheer
 
October 10, 2008
Log in / Register

 Choose a size
Text Size

Most Read

Obama Wins in Nashville

Nowhere for McCain to Go

Third-Party Blues

Open the Debates

Palin vs. Palin

Most Comments
Most Emailed

Reports
Palin vs. Palin

Ear to the Ground

A/V Booth

Arts & Culture

Digs
Vetting Sarah Palin

Truthdig Bazaar
Whose Knees Are These?

Whose Knees Are These?

By Jabari Asim
$6.99

more items

 
Ear to the Ground

Stock Market Flux Flusters Analysts

Email this item Email    Print this item Print   
Posted on Mar 14, 2007

Dipping American stock prices caused a ripple effect on world markets Tuesday and Wednesday, as analysts predicted more instability soon. The U.S. mortgage market is the source of the current concern, which some stock-watchers believe portends a “bloodbath.”


BBC:

Analysts said that market volatility was likely to continue, especially as many markets and stocks had climbed to their highest levels in more than six years.

Lee Cheng Hooi of EON Capital said that the worry for investors was that the problems in the US mortgage market could cause the world’s biggest economy to slow down.

“This will cause a domino effect on the world economy,” he explained. “There could be more bloodbath to come.”

Read more

Email Newsletter

Get truth delivered to your inbox every week.

Previous item: Vet Blogs From Within Walter Reed

Next item: Ohio Election Workers Sentenced for 2004 Rigging

Jump to Comments

Advertisement


Elsewhere: .

Comments

Are you a Truthdig member yet? Login now, or register with Truthdig.

By tick ..tick, March 15, 2007 at 3:48 pm #
(Unregistered commenter)

Oh the sign of the “news feeds” and what they mean.  Cycle is in.............tick tick

ICE Makes Unsolicited Bid for CBOT
Thursday March 15, 6:58 pm ET
By Dave Carpenter, AP Business Writer
ICE’s $9.9B Bid Sparks Potential Bidding War for Board of Trade

http://biz.yahoo.com/ap/070315/ice_cbot.html?.v=15

Inductive ~ Deductive LOGIC
Vested I squared

Report this

By Dennis D, March 14, 2007 at 7:21 pm #
(Unregistered commenter)

You mean a slow down of the world’s biggest “consumer based” economy might cause a domino effect. Really, I guess we’ll have to go out and buy more foreign made products every 30 seconds instead of every minute. We certainly can’t make them anymore for ourselves. Our politicians and corporations have outsourced our manufacturing base and higher paying jobs and no one saw this coming. Gee, what a surprise - I guess that’s why they’re called “anal - cysts” after all.
An economy based totally on buying things, that’s got long term success written all over it.

Report this

By Carl Baydala, March 14, 2007 at 5:22 pm #
(Unregistered commenter)

Same thing with Reagan and the Savings and Loans debacle. Deregulation and the greed for profits at all costs causes these types of market meltdowns.  And, now it is the poor consumer who is the victim.

The American consumer is a key player in the world economic system, I think. You have to keep this guy consuming at all costs.  It matters not that he is earning less and less, but consumes the same or more. This fellow must be propped up if he falls because the system breaks down when he does.

It is the same mentality as the horse owner who puts his aging horse into a race. This old horse maybe all bandaged up and doped to the gills, but he is expected to run and to win.

It really is a form of abuse though, expecting our consumer to keep performing under increasingly more difficult conditions. You make it tougher for him to play and to win, but you can help him from time to time, by extending to him credit that makes his dreams come true. You are not actually helping the person out though because all you have done is added more risk to his life. Life is risky enough without another form of abuse like this.

Report this

By Carl Baydala, March 14, 2007 at 5:13 pm #
(Unregistered commenter)

Same thing with Reagan and the Savings and Loans debacle. Deregulation and the greed for profits at all costs causes these types of market meltdowns.  And, now it is the poor consumer who is the victim.

The American consumer is a key player in the world economic system, I think. You have to keep this guy consuming at all costs.  It matters not that he is earning less and less, but consumes the same or more. This fellow must be propped up if he falls because the system breaks down when he does.

It is the same mentality, I think, as the horse owner who puts his aging horse into a race. This old horse maybe all bandaged up and doped to the gills, but he is expected to run and to win.

It really is a form of abuse though, expecting our consumer to keep performing under increasingly more difficult conditions. You make it tougher for him to play and to win, but you can help him from time to time, by extending to him credit that makes his dreams come true. You are not actually helping the person out though because all you have done is added more risk to his life. Life is risky enough without another form of abuse like this.

Report this

By Scott, March 14, 2007 at 5:09 pm #
(Unregistered commenter)

Bloodbath? Things could still unfold exactly like the rich have planned it. They might yet get to sit back and have a good laugh as they watch their poor largely stupid victims kill all the liberals and godless homos they’ve been told are to blame for their misfortune.

Lets hope not though.

It’ll be particularily nauseating to watch the present generation of rich bastards die comfortably in their plush death beds and get away with one of the biggest scams since Moses’ burning bush - that of laizzes faire capitalism.

Report this

By republicanSScareme, March 14, 2007 at 12:39 pm #
(Unregistered commenter)

If the criminal rich ruin America’s economy again, there will be a bloodbath.  Only not the kind they mean.

Report this

Add Your Comment

Posts by unregistered readers are moderated. Posts by members
are published immediately. Why wait? Register today!






Notify you when others comment on this article?


Are you a human?
Retype the word you see here.


Please read and abide by our comment policy.
By submitting this comment, you agree to this site's terms and conditions.

Newsletter

Get Truthdig in your inbox

Privacy Policy

 
Click here to advertise with Truthdig
 

 
Join the Liberal Blog Advertising Network
 
 
 
 
 
 
 

A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman.
Copyright © 2008 Truthdig, L.L.C. All rights reserved.