Japan's Nikkei stock index down 3.2 percent

Yahoo finance ^ | 3.1.09 | afp

[Lady GOP]

Japan's Nikkei stock index down 3.2 percent

TOKYO (AFP) – Japan's Nikkei stock index fell 3.2 percent on Monday, after Wall Street sank to multi-year lows last week with dampened sentiment over grim economic data and troubled banking giant Citigroup.

The benchmark Nikkei-225 index fell 246.23 points to 7,322.19 in mid-morning trade. The drop followed Friday's decline on Wall Street, where the Dow fell to its lowest level since 1997.

[Lady GOP]

_

[Lady GOP]

Also denting sentiment was an announcement that the US government would own up to 36 percent of Citigroup

[misterrob]

And round and round it goes. Dow futures have broken the 7,000 floor.

Look out below

[444Flyer]

Black and Blue Monday?

[Red in Blue PA]

Apparently, this is the change people wanted.

[KevinDavis]

I wonder when Bank of America will be run by the Government....

[Lady GOP]

Peter Schiff Reaction to the State of the Union Address Feb-24-09

Not great quality but you can understand what he is saying

[Lady GOP]

I would guess any day now.

[Lady GOP]

[Phillipian]

Thank goodness the “new deal for the world” that Obama and Brown are cooking up will soon save the day.

[misterrob]

http://market-ticker.denninger.net/archives/839-Change-How-Washington-Works.html

[KevinDavis]

Yep....

[Lady GOP]

Warren Buffett warns America of 'onslaught of inflation'

Christine Seib in New York

The multibillion-dollar bailouts handed out by the US Government will bring on an “onslaught of inflation”,

Warren Buffett, the legendary investor, said in his keenly awaited annual letter to shareholders.

Mr Buffett, whose Berkshire Hathaway company last year reported only the second year of negative returns in its 44-year history, predicted that the economy would remain a shambles this year and “probably well beyond”.

President Obama signed off a $787 billion (£550 billion) stimulus package to revive America's economy this month. The President has also said that he expects to spend more than the $700 billion allocated to bail out the ailing banking sector.

“Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel,” Mr Buffett said. “These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.”

[spectre]

Dow Jones -67.00 6985.00 3/1 8:28pm

Tick tock...

[Need4Truth]

Obama and the Democrats played with their stimuli while Rome burned. The pork-laden welfare bill was a huge mistake and the dem’s own it lock, stock and barrel.

[John123]

Free money for the Japanese too!

[Lady GOP]

Not to be a doomer but lets get in reality for a moment. Hello you liberals too, if that is at all possible, try for a moment.

Here is an excerpt from an article

How Zimbabwe lost control of inflation

The main cause of hyperinflation is a massive and rapid increase in the amount of money (estimated at 17,000%), which is not supported by growth in the output of goods and services.

This results in an imbalance between the supply and demand for the money (including currency and bank deposits), accompanied by a complete loss of confidence in the money, similar to a bank run.

Zimbabwe’s hyper-Inflation is a result of the monetary authority irresponsibly borrowing money to pay all its expenses and funding quasi-fiscal activities (which are normally left to Central Government). In Neoliberalism, hyperinflation is considered to be the result of a crisis of confidence. The monetary base of the country flees, producing widespread fear that individuals will not be able to convert local currency to some more transportable form, such as gold or an internationally recognised hard currency.

http://www.newzimbabwe.com/pages/inflation180.17386.html

[John123]

The pork-laden welfare bill was a huge mistake and the dem’s own it lock, stock and barrel.

And a partridge in a pair tree!...

[hugorand]

Buffet is a Democrat and Berkshire Hathaway was down 48% last year, I think he’s lost his fastball

[perfect_rovian_storm]

I’ve been seeing massive inflation on the horizon as well, but now that Buffett is saying it, it may be time to rethink my outlook.