If you truly want to learn more see this article…

…

…

The most thorough and informative information I have found. Enjoyed it immensely….

I love the info and have bookmarked your blog. Haver you thought of doing a vlog describing this stuff?…

The best source for quick cash advance and payday loans online….

…

“In the 1990s, I moved my investments out of the U.S. into Canada because ears close to the ground warned about the dot.com bust. They were right and I saved a bundled.” {Posted by Regular}
==========================

All of the arm-flailing about the evils of a Socialist Economy, and what do we find?? REGULAR moved his investments out of the Good Ol’ USA Capitalist Economy, into the Socialist economy of Canada??? Wow, what hypocrisy!!
———————————

No, Canada would be a Socialist Government, not a Socialist Economy. They are very much Capitalists. :)

All of the arm-flailing about the evils of a Socialist Economy, and what do we find?? REGULAR moved his investments out of the Good Ol’ USA Capitalist Economy, into the Socialist economy of Canada??? Wow, what hypocrisy!!

Yes, you can sleep with your Teddy and your cap gun, if it makes you feel better.

Little boys need big toys to help them sleep.

Night, Ya’ll!!!!!!!!!!!!!!!

Yes, you can sleep with your Teddy and your cap gun.

Little boys need BIG toys…………..

Good night, ya’ll!

We play.

Thank your little buddy JR for dragging you into this mess again.

My own little hate filled fan club.

Let me guess, the members are:

WS Clark, Linda, Wendy, Steven Davis, and KFG?

I find it sad, that of all things you use, you use your own Grand Daughter to defend your stupidity.

Your over reaction and complete melt down over my comment was your doing.

Don’t hide behind your grand kids as if you were doing it all for them.

Your actions and comnplete refusal to be reasonable and stop crying about my comment were your doing WS Clark.

Be a man and stop using your Grand Daughter as an excuse.

How sad.

You took a comment, which was made in jest, and turned it into a big circus.

No one would have said a word about it if you hadn’t cried as much as you did.

Even Julie laughed about it and joked along too. (memory is fuzzy, I am pretty sure it was her)

You are such a reactionary baby that you took that comment as an opportunity to completley try to make something of nothing.

I don’t treat you like dirt, you act like dirt and throw yourself under my feet like dirt and when I step on you, you get to play your victim card and feel sorry for yourself.

Then why did you cry like a baby for pages on a blog when I tried to tell you over and over again that I was not threatening you?

You even claimed to have contacted the Sheriff.

LOL

Your over reaction is what made things far worse than they ever were to begin with.

If you have an example of where I have lied, please post it and I will correct or explain your spin.

So you admit you are little more than a liar?

More than £77 billion was wiped off the value of Britain’s stock market yesterday in its biggest one-day percentage loss since September 11, 2001. Shares across the world plunged over fears that the threatened US recession will undermine the global economy.

London’s leading shares tumbled by 5.5 per cent in brutal market conditions, with the FTSE 100 index losing more than 323 points, its steepest points fall on record, to end the day at 5,578.2.

George Soros, the billionaire investor who prompted Britain’s withdrawal from the European exchange-rate mechanism on Black Wednesday in 1992, said the situation was “much more serious than any financial crisis since the end of the war”. Investors were “drowning in a sea of red,” said Henk Potts, an equity strategist at Barclays Stockbrokers.

The losses in London and across Europe came as global markets remained fearful that President Bush’s plans for tax cuts to stave off a US recession would not give a big enough boost to growth. Warnings from two leading US banks that the losses from America’s sub-prime home loans crisis were spreading to China triggered a sell-off of shares in Asia, which quickly rippled around the world.

Related Links
Warning of more turmoil as markets slump
Fear of the unknown takes toll
City concern at Treasury deficit figures
Multimedia
Graphic: the market misery at a glance
The FTSE is now on the brink of a new bear market. The index has fallen about 13 per cent since the start of the year — its worst start to any year since its creation in 1984. With the market now down more than 17 per cent from its recent peak, set in mid-July last year, it is on the verge of the 20 per cent losses that would now signal bear market conditions — when investors expect sustained declines in share values.

The latest bloody trading day fuelled growing anxieties that America’s economic woes will spread across the Atlantic and infect Britain at a time when the economy is already faltering under the toll of sliding house prices, and an emerging slowdown in consumer spending.

New York stock markets were closed yesterday, but traders will return today with futures markets already pointing to steep losses.

Fears over the outlook for shares worldwide and broader world economic prospects were stoked yesterday by Mr Soros, who told Der Standard, a Vienna daily newspaper, that the danger of a US recession spreading to Europe was clear. “Naturally there is such a threat,” he said. “It’s just surprising that this has been so little understood.”

The timing and tone of Mr Soros’s warning struck home with nerve-wracked investors in Europe already in a state of high anxiety over deteriorating US and European conditions.

Across Europe, bourses succumbed to a ferocious sell-off, with Germany’s benchmark Dax index plunging by 7 per cent, and France’s CAC40 registering losses on almost the same scale.

The combined losses of the London, Paris and Frankfurt markets alone amounted to more than $350 billion (£180 billion) — roughly the size of the combined economies of New Zealand, Hungary and Singapore.

Official acknowledgement of the dangers to world economies came from Dominique Strauss-Kahn, the managing director of the International Monetary Fund. “The situation is serious,” he said. “All countries are suffering from the slowdown in growth in the US.”

Signs emerged yesterday that China, which will be the biggest single national contributor to global growth this year, could be hit by serious losses at its banks from the US sub-prime home loans debacle. Until recently, investors had believed that Chinese banks were well-insulated from the crisis. But that assumption was challenged yesterday by warnings from two leading banks that big Chinese banking groups could be forced to write-down millions in losses on sub-prime investments.

China’s financial regulator said banks in his country had also built up substantial amount of bad loans during an investment boom.

Sliding scale

Biggest falls for the FTSE 100 or its equivalent since 1935

11.4% Oct 20, 1987 Fears over UK economic outlook
9.1% Oct 19, 1987 Black Monday
7.3% Mar 1, 1974 Shock Labour election win stuns market
7.2% Oct 26, 1987 Market swings lower after brief rally
6.4% 29 May, 1962 Big drop on US steel industry woes
6.4% Jan 2, 1975 Burmah Oil financial crisis
6.1% Mar 11, 1975 Wild market dip on Burmah Oil crisis fallout
5.7% Sept 11, 2001 Attack on the World Trade Centre
5.5% Jan 21, 2008 Investor fears of recession
5.5% Dec 6, 1973 Oil shocks, Opec raises prices
5.4% Sept 26, 1938 Second World War looms
5.4% Dec 14, 1973 Market dips again on oil crisis
5.4% Mar 16, 1938 Fears of war, rising taxes
5.4% Oct 22, 1987 October 1987 sell-off continued

Source: David Schwartz – Stock Market Historian.

Have your say

Sorry but it aint all Georgie’s fault. We’ve had/have a do nothing congress for too many years. More interested in getting re-elected than solving our problems. A pox onGeorgie & Congress.

Wingy, Centennial, CO., USA

Don’t blame George, blame the People who elected him. Twice. We WANTED to believe that it was OK to buy stuff we didn’t need with money we didn’t have financed with home equity that didn’t exist. Hey! Anybody still think that privatizing social security is a great idea?

Gene Walsh, dunmore,

The reality is that it is exactly Europe’s restraint and hesitancy toward the chaotic economic liberalization which Mr. Soros promotes, which has left it to some degree insulated from the present American correction.

The last thing Mr. Soros wants to see is a repetition on a larger and more prominent scale, of Malaysia surviving almost unscathed his Southeast Asian crisis.

Fortunately for him the device of doom-saying bringing down consumer confidence is tried and true.

Bill, Boston , USA

Cabrini- so true.
The US and the world has been pick-pocketed by Bush & Co. whilst they’ve diverted our attentions toward their slight-of-hand distractions (fake morality, fake conflicts, fake justice, etc.).

I can see it now ala cheap western: They pull out of the station on last train out of town, leaning from a brass railing, tipping their velvety top-hats and waving a frilly-sleeved “bye bye” to us rubes who are left in a cloud of their dust and smoke. We squint and blink, mouth-agape, while our buckets of tar grow cold and our feathers carry off in the slpstream. Finally, as the crowd slowly disperses, we drag ourselves back to our clapboard home only to find their overdue hotel bill waiting in our mailbox.

Jojo Mojo, Gainesville, GA, USA

If Soros is saying it’s happening, it’s because he’s using his money to make it happen. Warren Buffet isn’t saying it’s a recession. Market corrections happen all the time. The capital goes somewhere else for a while, and then things come back. This wasn’t caused by Bush; it was caused by too much money in the housing market, and that money came from money leaving the tech stock market.

Don’t panic and don’t start floundering about. In the long term, things will be fine.

Gregory Baker, Odenton, Maryland, USA

So this will be Bush’s legacy: an unnecessary war and economic havoc wrought upon the world. Good goin’ Georgie!

cabrini180, New York, USA

http://business.timesonline.co.uk/tol/business/economics/article3228186.ece?&EMC-Bltn=NLXAP4

Instead you go on and on and on baiting Regular and trying to egg him on. When he finally says something back you get all upset, call him a troll, and vow to never talk to him again….

Well, never again, until the next day.

And this time, of all things, you are calling him a liar because he said he invested back in the early 90’s?

How on Earth do you know he is a liar and what does it matter?

Just don’t talk to him if all you are going to do is try to antagonize him. You guys are no better when you do.