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Markets Slide on Inflation Fears

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posted on Jul, 1 2008 @ 03:01 PM
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Markets Slide on Inflation Fears


news.bbc.co.uk

Inflation worries, near-record oil prices and fears of further bank losses have led to a sell-off of shares across global stock markets.

Key share indexes in India and China both fell 3% while Japan's main index fell for its ninth consecutive day for the first time in four years.
In Europe, the FTSE 100 fell 2.6% while the Cac40 fell 2.1% and the Dax 1.6%.

Lack of confidence also hit US markets, with the Dow Jones Industrial Average down 125 points in early trading...
(visit the link for the full news article)


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posted on Jul, 1 2008 @ 03:01 PM
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Apparently banks are changing their top personnel (-fat lot of good that will do them at this stage-) as rumours of inflation hitting corporate profits and admissions of projected slow economic growth increase.

While they've been attempting to keep all this quiet Joe Bloggs has been feeling the effect of rampant inflation for months. What makes this newsworthy is that the point at which we're so close to a meltdown that the banks can't hide it is seemingly here...

news.bbc.co.uk
(visit the link for the full news article)




[edit to correct typo]

[edit on 1/7/08 by pause4thought]



posted on Jul, 1 2008 @ 03:07 PM
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anyone know how to make depression glass? lol

A good lot of us have seen or at least known this would come about.... you cant sell joe blow a product for x amount of money an get rich off him while his product breaks an hes forced to buy another, shaddy deals like this happen alot, not to mention other farces.... Its thru these economic shortcuts many companies have been taken that is crippling our markets....

Better start learning how to do something that people will need an want to barter for.... or else.....

" Depression glass for sale "



posted on Jul, 1 2008 @ 03:19 PM
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reply to post by pause4thought
 

Don't panic the ghost of J P Morgan and the 'invisble hand' are both warmed up on their exersize bikes and ready to save the markets for the July 4 weekend.



posted on Jul, 1 2008 @ 03:32 PM
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reply to post by Trance Optic
 


Yep, short-term profit has been the name of the game for too long. And here come those proverbial crows: they're well and truly coming home to roost.

Whether it will come to barter is anyone's guess. Maybe that's hyperbolae. But the word 'meltdown' is used advisedly. If even a relatively small amount of what has been said in these, and other recent threads is true, who know where it will lead:

www.abovetopsecret.com...

www.abovetopsecret.com...

www.abovetopsecret.com...

Anyone with an interest in the true state of the global economy and/or the global banking system ought to at least read the above OPs to see how close we may now be. They are based on very authoritive voices.

What's now happening on the stock markets may actually be the beginning of the nightmare...



posted on Jul, 1 2008 @ 04:07 PM
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wasn't a bad day after all:
up DOW 11,382.26 +32.25 (+0.28%)
up NASDAQ 2,304.97 +11.99 (+0.52%)
up S&P 500 1,284.91 +4.91 (+0.38%)



posted on Jul, 1 2008 @ 04:32 PM
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reply to post by xstealth
 


That's a selective list & there's no denying we now have inflation coupled with questionable bank liquidity, both on a global scale.

Why else would investors be fleeing to safe havens at the current rate? Check out the "FTSE 100 Tumbles" article here, for example:

www.telegraph.co.uk...

And there's no denying these:

FTSE: -146
Dax: -102
Cac 40: -93

It's the context of this that makes it of particular significance. Have you read the OPs quoted above? If so, how do you react to today's market news in the light of those predictions?

The UK government today changed the rules on dealing with banks that get into difficulty. While it sounds positive that depositors' guarantees have been increased from £35,000 to 50,000 in order to increase investors' confidence and prevent another run, as happened with Northern Rock, something else was changed which I haven't seen in online news articles: the obligation for banks to go public with their difficulties has been changed such that they have much longer to continue on without an announcement. This is ostensibly to enable the government to stabilize a given situation so as to avoid panic among investors, but a little reading between the lines leads to the inevitable expectation that something is in the offing which needs to be kept under wraps.

( Here is a typical article: )

business.timesonline.co.uk...





[edit to change from an FT article to a Telegraph article - the former requires registration]

[second edit as Telegraph.co.uk article direct link doesn't work either, so now simply replaced with a front page link]


[edit on 1/7/08 by pause4thought]


[edit on 1/7/08 by pause4thought]




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