Asian Stocks Tumble on Recession Concerns; Nikkei 225 Plunges

Asian Stocks Tumble on Recession Concerns; Nikkei 225 Plunges

www.bloomberg.com

Oct. 16 (Bloomberg) -- Asian stocks tumbled, driving Japan's Nikkei 225 Stock Average down more than 10 percent, after U.S. retail sales fell more than estimated and Standard & Poor's said it may downgrade South Korean banks' credit ratings.

(visit the link for the full news article)

Complete meltdown in the asian markets, especially the NIKKEI. It's closed but not all orders are processed... it will probably go even lower... right now it fell 11.4%...

So. The bailout and the european economic bailout don't work obviously... because yeah everyone says it takes time... no it doesnt, it's supposed to restaure confidence and it clearly has not.

So unless Bernanke does something else tomorrow, like cuting rates to 0%, or something else before the markets opens, it will be hell. Even if he does something, it will be hell next week. The system is broken. And the worse of it all is that people focus only on the DOW, when in fact, the most important things are unemployment, foreclosures, real inflation... and the news and government aren't talking about that at all....

It won't be a mere recession. It's a depression. And from a reliable analysis I red this afternoon, the US government won't be able to pay their foreign debt around july 09... which will collapse the value of the US treasuries bond and crash the US dollar.

www.bloomberg.com
(visit the link for the full news article)

[edit on 16-10-2008 by Vitchilo]

OK, the American people want there money back, from the hands of these idiots!!


[edit on 16-10-2008 by all2human]

Originally posted by Vitchilo

It won't be a mere recession. It's a depression. And from a reliable analysis I red this afternoon, the US government won't be able to pay their foreign debt around july 09... which will collapse the value of the US treasuries bond and crash the US dollar.

www.bloomberg.com
(visit the link for the full news article)

[edit on 16-10-2008 by Vitchilo]

The Us Dollar is already on it's verge to failure because of the bailout bill and the Fed constantly pumping money into the system. Inflating the dollar until it's value is less then the paper that it is printed in; it's all part of the plan.

-Ign0RnaT