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US Economy in CRISIS! (pg. 21)
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| Yohan |
| quote: | Originally posted by Skipper
this insanity has to stop - the dow lost over 7% today.
My doctor told me today that the number of men in suits filling atavan prescriptions in the last month has doubled. GIVE ME SOME |
what is this, anti depressant meds?
in that case, these people are weak |
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| KaiLee |
| quote: | Originally posted by Yohan
what is this, anti depressant meds?
in that case, these people are weak |
Ativan is an anti-anxiety medicine that is also used to impair short-term memory....forgetting their troubles the legal way I suppose? :p As for the anti-depression meds being weak comment that's not very nice Yohan! :whip: Those prescriptions could prevent a lot of people from killing themselves.
I'm wondering how many people are going to commit suicide in some Asian countries over this as suicide rate can be quite high especially when it comes to financial issues :(
In other news....Iceland is near bankruptcy how sad :( |
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| exstasie |
Today is going to be a BAD day in the markets...
The Japanese NIKKEI was down 10% in their markets.
This closed the largest weekly loss EVER in the NIKKEI
All other Asian markets finished 7%-8% lower today.
The European markets are just as bad.
DJ Stoxx is down 9%
FTSE is down 7%
Dax is down lamost 9%
The rest of the European markets are down between 6%-9%...
Can't wait to see what our markets open up at ... :nervous: :nervous: :nervous: :nervous: :nervous: :nervous: :nervous: :nervous: :nervous: :nervous: :nervous:
| quote: | Originally posted by KaiLee
Ativan is an anti-anxiety medicine that is also used to impair short-term memory....forgetting their troubles the legal way I suppose? :p
In other news....Iceland is near bankruptcy how sad :( |
Quite sad indeed.
For such a small country, it's pretty amazing how many other countries are corporations are significantly affected by this!
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| StereoPrincess |
| quote: | Originally posted by KaiLee
In other news....Iceland is near bankruptcy how sad :( |
and they are being sued too!
how does that happen. |
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| TheVrk |
| quote: | Originally posted by exstasie
Today is going to be a BAD day in the markets...
The Japanese NIKKEI was down 10% in their markets.
This closed the largest weekly loss EVER in the NIKKEI
All other Asian markets finished 7%-8% lower today.
The European markets are just as bad.
DJ Stoxx is down 9%
FTSE is down 7%
Dax is down lamost 9%
The rest of the European markets are down between 6%-9%...
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Ya noticed that while at work today...
More countries are choosing to close their markets completely |
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| Skipper |
| quote: | Originally posted by exstasie
Today is going to be a BAD day in the markets...
The Japanese NIKKEI was down 10% in their markets.
This closed the largest weekly loss EVER in the NIKKEI
All other Asian markets finished 7%-8% lower today.
The European markets are just as bad.
DJ Stoxx is down 9%
FTSE is down 7%
Dax is down lamost 9%
The rest of the European markets are down between 6%-9%...
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GE met analyst expectations this morning after it was said they'd probably be 3% short - I wonder if anyone will care.
I think today is going to cap off a week of losses in a really disgusting way. Dow futures are down 2% this morning. Less than 2% of stocks on the TSX are above their 200 day moving averages, which is worse than the bottom of the tech crash - but there are other indicators that say we're not even half way to the trough now. Scary. |
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| KaiLee |
| quote: | Originally posted by exstasie
Quite sad indeed.
For such a small country, it's pretty amazing how many other countries are corporations are significantly affected by this!
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http://news.bbc.co.uk/2/hi/business/7660511.stm
Article on Kaupthing being nationalised and how Iceland's banking woes are affecting the UK as 160,000 UK citizens have £2.5bn in deposits there. Mr. Brown isn't too happy about that one! |
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| ChemEnhanced |
| quote: | Originally posted by exstasie
DJ Stoxx is down 9%
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So when is he coming to Toronto? |
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| StereoPrincess |
| quote: | Originally posted by exstasie
The European markets are just as bad.
DJ Stoxx is down 9%
FTSE is down 7%
Dax is down lamost 9%
The rest of the European markets are down between 6%-9%...
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new rule.
when mentioning european markets we must speak of the CAC. ;) (which is down 8 percent too) |
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| exstasie |
| quote: | Originally posted by StereoPrincess
new rule.
when mentioning european markets we must speak of the CAC. ;) (which is down 8 percent too) |
Fine lol
btw...its down 9% now :P
well...9.08%, but no need to get technical!
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| StereoPrincess |
lol. CAC is down 9! weeee!
anyways, canadian government is doing a mini bailout?
| quote: | Flaherty announces measures to stabilize lending industry
Last Updated: Friday, October 10, 2008 | 8:13 AM ET Comments111Recommend56CBC News
Finance Minister Jim Flaherty on Friday announced new measures to ease pressure on financial institutions and stabilize the lending market, in an attempt to assuage concerns over the burgeoning global financial crisis.
Flaherty told reporters in Ottawa his government would buy $25 billion in insured mortgage pools from financial institutions for the purpose of maintaining long-term credit.
"This program is an efficient cost-effective and safe way to support lending in Canada that comes at no fiscal cost to taxpayers," he said.
Flaherty said the action would "make loans and mortgages more available and more affordable for ordinary Canadians and businesses."
On Thursday, Flaherty said he had no doubts over the health of Canada's banks, adding the government has no plan to undertake a massive government bailout similar to those mounted by the United States and other Western countries.
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