Posted on 03/17/2013 7:03:27 PM PDT by blam
Markets Are Diving All Across Asia
Joe Weisenthal
March 17, 2013
The weird thing about finance: A bailout deal that will save Germany a few billion in taxpayer dollars (by shifting the burden to Cypriot depositors) is wiping exponentially more than that off the world's market indices today.
CNBC's Deirdre Wang Morris tweets a photo of the CNBC Asia market wall, which is as good a way as any other to see the carnage.
(Excerpt) Read more at businessinsider.com ...
Nope. Right and left both equally susceptible to sensationalism sorry to say.
Bingo!!!...as I stated elsewhere....they may let the market take a small hit, but will concoct some “good for the market” story and it will miraculously come roaring back
The EU core is North Europe. A two speed EU is acceptable to the North.
Yup. Gold is up over 1600 again after being knocked back down last night. Some people think that 1620 is an important level, if it can get over that.
Someone in a gold forum said that Da Boyz in NYC knocked it back down last night in Asia, after that initial pop. And that the hourly volume during the knockdown was one of the three largest hours since the beginning of the year.
But evidently it still hasn’t succeeded in doing the job, so they are laying back for the moment and letting it rise.
Maybe so. But I can’t wait to see the Eurocrats tell Italy, when it’s time for their bailout, “Oh, by the way, taking this money condems your country to economic stagnation and austerity in perpetuity.” Prescription for disaster.
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