reply to post by deeprivergal
OK, I am sure this has been corrected, but just incase, the DOW touched it's lowest level of trading since 2003 today (9,497.72) which was the
lowest..
not 1999.
Anyways,
infinite
It's getting scary for the Service Economies like Ireland, Iceland has been near national bankruptcy for sometime, and is already in a declared
recession, where as the Irish economy is heading fast paced for it's first recession since I believe 1983 .. and it looks like it's going to be a
huge crash.. the housing market is no where near the level it ought to be..
Germany, France, Italy and the UK are all rushing to bail out huge corporations, banks and infuse enough cash into their markets .. not to save it..
but to give the appearance of a sound economy.
Throwing money at a sinking ship won't make it float.. the hopes that you can sacrifice your currency for a safer market has already been proven
false by the United States starting in 2007.
We bombed out currency, oil spiked, our economy took a hit, inflation hit levels not seen in 40 years and where has it gotten us? No where, but
nearer the bottom. Now Europe will devalue it's currencies in hopes that inflation will protect the markets..
It will only slow it's death.
For some countries the tourist seasons are taking their tolls on their economy.. as more and more people are strapped for cash and are not taking
extravagant trips, entire regions are seeing their own isolated depressions..
As I know your Irish, I certainly hope the Irish economy does not hit a low like Iceland, or see the dark days of the 1980's .. as corporations are
cutting back, sending jobs over seas, and the property markets are collapsing.... it's not looking good.
Russia is having major, major problems right now in their own financial sector, they already had declared a Bank Holiday to prevent further collapse
of their markets two weeks ago.
At the end of the day while the DOW was down 800 points from previous market close, people either grabbed up a bunch of cheap stock, or someone
somewhere had a # ton of cash to inject into the markets.. it was a nose dive day, that's for sure..
"Everybody thought that the bailout was a panacea. But it's not, it's a tourniquet that stops the bleeding so the patient doesn't die right
away," Genter said.
CNN
Ireland wants to co-operate with other European Union member states, but it "simply had to move" last week to safeguard Ireland's banking
system, Taoiseach Brian Cowen has said.
Irish Times
Europe has no problem sacrificing the Irish to save the Mainland.. the Germans may look on Ireland with disdain for having the nerve to protect their
own system, all the while pushing the Lisbon Treaty which will quite literally put that final nail in the coffin of Ireland's economic death .. at
least for now the Irish will defend themselves from these globalist bastards.