It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by djohnsto77
If the U.S. economy falters, China will be the hardest hit.
Originally posted by djohnsto77
Yes, China's been saber rattling but all in all it means nothing.
There's an old saying something like "if you owe the bank $1000 then you fear the bank, but if you owe the bank $1,000,000 than the bank fears you" or something like that.
If the U.S. economy falters, China will be the hardest hit.
Originally posted by cpdaman
what's up with Asian markets
Asia Squawk Box on CNBCW opened their show earlier this evening with the report that Asian markets were down at the opening hour. That was several hours ago.
World stock markets and central banks' actions/inactions will be quite a spectacle come Monday morning if this fragile financial scenario turns into a train wreck during Friday trading hours. Time will tell.
The screams of Jim Cramer during his televised nervous breakdown will long haunt my nightmares.
But in the meantime, remember Tommy's maxim:
"When in danger, when in doubt ... run in circles, scream and shout."
Originally posted by Realtruth
Bingo! Everyone thinks that China has the hammer now. Not. It will not be in the best interest of worldwide banks to let the US economy collapse as it will deal a worldwide fatal blow to the global financial system.
Stocks tumble even as the Fed and European Central Bank try to ease concerns about a credit crunch.
U.S. Stocks Close Sharply Lower As Credit Jitters Spook Investors
Subprime Lender NovaStar Posts Big Quarterly Loss
Asian stocks fell across the board on Friday and the yen extended gains as investors dumped riskier assets following a rout in global markets sparked by a flare-up in credit jitters.
Originally posted by Agit8dChop
Bring me my cardboard box, Im prepared for the harddays.
Bring me my rifle, im prepared for the war.
So long as American imperialism is the greatest victim, ill be happy to give my life helping.
On Thursday, Ginko Financial - which is owned by Brazilian from Sao Paulo whose real name is Andre Sanchez - stopped accepting deposits, froze all withdrawals and converted account holders' balances into "tradeable debt securities" called Ginko Perpetual Bonds.
"There are a lot of people who put money in there and they are not going to get it out again," said Robert Bloomfield, a professor of management and accounting at Cornell University and a close observer of the Second Life economy. "For some of those people it's enough money that it's actually meaningful to them."
Originally posted by Golack
Originally posted by Agit8dChop
Bring me my cardboard box, Im prepared for the harddays.
Bring me my rifle, im prepared for the war.
So long as American imperialism is the greatest victim, ill be happy to give my life helping.
Im sure you will also enjoy the Russian tanks rolling down your street. Knock one empire down and another rises in its place.