Skip to comments.Stocks in 'Global Rout'
Posted on 06/05/2012 6:03:28 AM PDT by SeekAndFind
The miserable American economy - including the dismal jobs numbers released last Friday -- along with the growing crisis in the euro zone in the banking sector, have world markets in a near panic.
The Tokyo exchange hit a 28 year low as investors scrambled for the security of Japanese government bonds, which were yielding an astonishing 0.80%.
Germany's DAX lost 1.4 percent to 5,963.41 and France's CAC-40 shed 0.3 percent to 2,940.33. Markets in Britain were closed for a public holiday.Wall Street appeared headed for a lower open, with Dow Jones industrial futures shedding 0.6 percent to 12,032 while S&P 500 futures lost 0.5 percent to 1,268.40.
Markets came under siege in Asia earlier in the day. Japan's Nikkei 224 index dropped 1.7 percent to close at 8,295.63, its lowest finish since Nov. 28, 2011. The broader Topix index ended below the 700 mark for the first time since December 1983, Kyodo News Agency said.
Hong Kong's Hang Seng tumbled 2 percent to 18,185.59. South Korea's Kospi shed 2.8 percent to 1,783.13. Benchmarks in Taiwan and Indonesia fell 3 percent and 4.3 percent, respectively.
(Excerpt) Read more at americanthinker.com ...
Dow futures are up 15 points. S&P futures down a little over a point. Some rout...
The day is young, however, looking at the South African Rand to US Dollar exchange rate, our equity markets may have a positive day today. Maybe the playahs are thinking something good on Europe may come out of the G7 meetings underway. Or the erasure of the YTD gains in the equity markets last week has triggered “buy” orders from the algorhythms that determine trading these days.
The death of the Euro would be great for the world.
Pray for America
Can you smell it ? There's PANIC in the Air!
For instance, apparently Britain is preparing immigration controls for an anticipated flood of refugees from Third World Europe as warns Home Secretary, Theresa May "work is ongoing to deal with large movements of people in the event of the break-up of the single currency".
Though these trends have been in force for the duration of the financial crisis that has resulted in net migration of more than 250k per year as I have periodically commented upon as to why the governments forecasts for UK unemployment to FALL were never going to materialise, as workers (especially the young) from across the bankrupting Euro-zone would see Britain as a jobs safe-haven outside of the Euro-zone and that was some 2 years ago!, which the mainstream with the benefit of hindsight has only recently been picking up on.
RE: apparently Britain is preparing immigration controls for an anticipated flood of refugees from Third World Europe as warns Home Secretary, Theresa May “work is ongoing to deal with large movements of people in the event of the break-up of the single currency”.
They got their work cut out for them. They are going to have a FLOOD of people going to London for the Olympics in a few months. How they are going to manage the logistics to simultaneously screen for legitimate visitors and athletes vs illegals is going to be interesting to watch...
There are a few howlers in this article, and it’s just a tad overwrought. “Inflation or deflation is really important and it MATTERS!!!!”
It means “Bump For Later.” I want to read the article...and my military network blocks that site. When you want to read something...but can’t until later and don’t want to forget...you put a placeholder on it...a BFL...or something like that.
I learn something every day. I thought you were saying something like “Big Frigging ??? “ :-)
My daddy always said: “You learn something new everyday.” And it’s true :-)