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HONG KONG (Reuters) - European stock index futures fell on Friday, putting shares there firmly on course to post their biggest quarterly decline since the months following the collapse of Lehman Brothers three years ago.
Asian equities also dropped, extending the worst monthly performance since the most volatile days of the global financial crisis in October 2008. Chinese shares racked up sharp losses amid fears of a property market correction.
Fears of a spiraling European debt crisis and a slowing global economy that would hit Asian exports caused investors to slash their bets on risky assets in the September quarter.
Markets in Asia, considered by investors to have superior fundamentals compared with developed markets in the West, were not immune, with institutional investors continuing to hedge against further Asian currency weakness, including the yuan.
For three years now I've been hearing about and expecting a second major financial crash, there were a lot of false alarms but I guess its pretty much at our doorstep now.
Originally posted by Nomad451
reply to post by buni11687
these media bastards and politicians are going to be beheaded in the streets for deliberately misleading everyone. I mean literally beheaded. There will be blood in the streets
SAN FRANCISCO (MarketWatch) — U.S. stock losses accelerated in the final hour of trading Friday as worries over Europe’s debt trumped mixed economic data, closing a turbulent third quarter that counted as the worst for the major indexes since the depths of the financial crisis.
Originally posted by havenvideo
2008 was 3 years ago... Is this REALLY an issue?
If this would have read "... since the Great Depression" it might be a problem, but...
Actually, let them fall I say. If it weren't for the stock market and people who think investing is actual "work", then 90% of the world wouldn't be miserable right now.edit on 30-9-2011 by havenvideo because: (no reason given)