It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by marg6043
If the fall out was in the hands of wealthy American investors we will say, what happens in American stays in America. but that is no so.
That is where the dangers comes.
Last May, a Saudi Arabian conglomerate bought a Massachusetts plastics maker. In November, a French company established a new factory in Adrian, Mich., adding 189 automotive jobs to an area accustomed to layoffs. In December, a British company bought a New Jersey maker of cough syrup.
For much of the world, the United States is now on sale at discount prices.
Asian markets continue plunge
HONG KONG, China (CNN) -- Japan's Nikkei index plunged below 13,000 for the first time in more than two years Tuesday as global markets tumbled on fears that a U.S. economic slowdown will lead to a global recession.
After dropping more than 3 percent on Monday, the Nikkei fell nearly 5 percent on opening Tuesday. Across the Korea Strait in South Korea, Seoul's KRX 100 index was down about 4 percent.
Hong Kong's Hang Seng index, which fell 5.5 percent on Monday -- its largest percentage drop since the September 2001 terrorist attacks on the United States -- fell another 5 percent in opening trading on Tuesday.
Originally posted by LightinDarkness
You think this didn't happen in the 1980s recession?
The 1980s wasn't as bad as today? I hope your kidding. Just show me one measure of how that is. For example - were gas prices to be adjusted to 1980s oil crises levels right now and inflation, wed be paying $20 dollar a gallon instead of $3.
Gasoline Prices in Perspective
Now let's look at 1981, the year Ronald Reagan took office. Gasoline sold for $1.38 that year, the equivalent of $2.74 in today's currency. Adjusting for the change in disposable per capita income, prices would have to be $4.30 today to have an equivalent impact.
Originally posted by JacKatMtn
Isn't this going to put unbearable pressure on the US markets when they finally open tomorrow?