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  #121 (permalink)  
Old 10-10-2008
jaro jaro is offline
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Re: Financial crisis reaches Europe

Quote:
Originally Posted by AjaxPress View Post
Why don't the Europeans just print hundreds of trillions of Euros to cover this crisis? Stop taking tiny steps and just end the bleeding.
The problem isn't lack of money, the problem is uncertainty and fear. No money disappeared from the system, there is even slightly more money than there was when all trade indexes peaked in value.
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  #122 (permalink)  
Old 10-10-2008
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AjaxPress AjaxPress is offline
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Re: Financial crisis reaches Europe

Quote:
Originally Posted by jaro View Post
The problem isn't lack of money, the problem is uncertainty and fear. No money disappeared from the system, there is even slightly more money than there was when all trade indexes peaked in value.
Then the Europeans should just create a central bank that lends directly to people. It sounds like the way to end the European free fall is a lot easier than ending the American one.
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  #123 (permalink)  
Old 10-10-2008
anobsitar's Avatar
anobsitar anobsitar is offline
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Re: Financial crisis reaches Europe

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Originally Posted by Slartibartfas View Post
You make yourself ridiculous. The FPÖ is no NSDAP. ...
It is founded from Nazis was/is leaded from Nazis and is on total a Nazi organization. Today it are the Nazis of the second and third generation - that's all.
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  #124 (permalink)  
Old 10-10-2008
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Sucre Sucre is offline
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France     Germany

Re: Financial crisis reaches Europe

Quote:
Originally Posted by jaro View Post
The problem isn't lack of money, the problem is uncertainty and fear. No money disappeared from the system, there is even slightly more money than there was when all trade indexes peaked in value.
What do you mean ?
How can there be more "money" when values are melting like snow in the sun.
If there is a bubble and the bubble blurts, then there is less money obligatorily.
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  #125 (permalink)  
Old 10-10-2008
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Sucre Sucre is offline
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Re: Financial crisis reaches Europe

Quote:
Originally Posted by Traveler View Post
There is gonna have to be a united EU bailout plan, and fast, the Cac and Dax will crash otherwise. The Ftse lost almost 9% today and had the US markets not corrected after opening down 600 points the EU markets would have all crashed.
You know what, I wondered reading you whether this was not the reason why the stock exchange kept plunging in the last few days - 10%, - 7% etc. Like a way of putting some pressure on the G7 so that they do even more.

And we, the tax payers, all we do is pay timely our taxes
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  #126 (permalink)  
Old 10-10-2008
anobsitar's Avatar
anobsitar anobsitar is offline
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Re: Financial crisis reaches Europe

Quote:
Originally Posted by AjaxPress View Post
Why don't the Europeans just print hundreds of trillions of Euros to cover this crisis? Stop taking tiny steps and just end the bleeding.
Needs some time because we first have to broadcast coins. Then we have to wait until money trees are growing. After harvest we also need a lot of energy to press the banknotes. This means we have to spend our coins first for energy - but how can we let grow money trees in this case? Problems over problems. What about coins made of wood?
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Scientia et potentia humana in idem coincidunt, quia ignoratio causae destituit effectum
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On ne voit bien qu'avec le coeur. L'essentiel est invisible pour les yeux
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  #127 (permalink)  
Old 10-10-2008
jaro jaro is offline
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Re: Financial crisis reaches Europe

Quote:
Originally Posted by Sucre View Post
What do you mean ?
How can there be more "money" when values are melting like snow in the sun.
If there is a bubble and the bubble blurts, then there is less money obligatorily.

You know what, I wondered reading you whether this was not the reason why the stock exchange kept plunging in the last few days - 10%, - 7% etc. Like a way of putting some pressure on the G7 so that they do even more.

And we, the tax payers, all we do is pay timely our taxes
There is more money because its been printed since. There is less demand, but more money. Nobody wants to buy shares out of fear they will lose value. Money didn't lose value, because there is only little inflation. Its interesting to see that when huge sums of money change the owner in capitalism as it happened now, it faces serious problems.

This the worst stock exchange crisis since the great depression. Even during .com bubble it took several days until NASDAQ index lost 10% of its value. Now this is happening almost every day.
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  #128 (permalink)  
Old 10-10-2008
Traveler Traveler is offline
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Re: Financial crisis reaches Europe

Quote:
Originally Posted by Sucre View Post
You know what, I wondered reading you whether this was not the reason why the stock exchange kept plunging in the last few days - 10%, - 7% etc. Like a way of putting some pressure on the G7 so that they do even more.

And we, the tax payers, all we do is pay timely our taxes
Well if it is the case (not sure) they went too far today morning, all the G7 were in the same place and had the 600 sell off continued to the start of the day they would have pushed it too far and the market would have been closed off, all the leaders were in the same place to all support it.

I don't know whether it is being done intentionally or not, on the whole i doubt it but i am sure there are some real jerks out there looking to get the market to plummet just to get taxpayer bailouts.
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  #129 (permalink)  
Old 10-10-2008
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anobsitar anobsitar is offline
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Re: Financial crisis reaches Europe

Quote:
Originally Posted by Slartibartfas View Post
I don't get it what those idiotic games of Germans should achieve. It would have been far better if all would have bought into the united bail out plan for the EU as Sarkozy suggested.
Sarkozy - as a kind of populistic politician too - is telling the people what they like to hear - but this doesn't mean that it makes sense what he's suggesting. Since a long time now France likes to misuse the ECB doing political decisions - but it is independent.

In the moment - if the fears of the most people would be right - the Euro should speed up like a rocket. But it's in the opposit and the Dollar is quite stable - but the Euro is only a little weaker. So I don't see any reason for panic. The last years were worldwide good years for business. If there are some corrections in prices that's quite normal. Only the speed is a little problem.
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Last edited by anobsitar; 10-10-2008 at 12:33 PM.
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  #130 (permalink)  
Old 10-10-2008
Traveler Traveler is offline
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Re: Financial crisis reaches Europe

Quote:
Originally Posted by AjaxPress View Post
Then the Europeans should just create a central bank that lends directly to people. It sounds like the way to end the European free fall is a lot easier than ending the American one.
Now here comes the crucial part, and we may well find out.

Its too late for any circuit breakers, now, no matter what there will be further possibility of suspension of trading. There will be no more circuit breakers after 2:30 EST, we're about to see if short sellers are gonna get back into swing.

If the market is to crash, it will be now. (It would have to fall over another 800 points though).

Last edited by Traveler; 10-10-2008 at 12:39 PM.
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  #131 (permalink)  
Old 10-10-2008
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anobsitar anobsitar is offline
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Re: Financial crisis reaches Europe

Quote:
Originally Posted by Traveler View Post
Now here comes the crucial part, and we may well find out.

Its too late for any circuit breakers, now, no matter what there will be further possibility of suspension of trading. There will be no more cicuit breakers after 2:30 EST, we're about to see if short sellers are gonna get back into swing.

If the market is to crash, it will be now. (It would have to fall over another 800 points though).
Seems you are really very nervous. Why? Are there snow storms in Texas?
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Scientia et potentia humana in idem coincidunt, quia ignoratio causae destituit effectum
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On ne voit bien qu'avec le coeur. L'essentiel est invisible pour les yeux
Antoine de Saint-Exupery
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  #132 (permalink)  
Old 10-10-2008
Traveler Traveler is offline
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Re: Financial crisis reaches Europe

I'm not worried per se; and no there are no storms thankfully.

You're barking up the wrong tree if you're looking to me to preach about faith and God, i am a religious individual and i do pray, but not about the financial markets.
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  #133 (permalink)  
Old 10-10-2008
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anobsitar anobsitar is offline
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Re: Financial crisis reaches Europe

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Originally Posted by Traveler View Post
I'm not worried per se; and no there are no storms thankfully.

You're barking up the wrong tree if you're looking to me to preach about faith and God, i am a religious individual and i do pray, but not about the financial markets.
You should do - because "we" (=the poorest people in the world) need very urgent 30 billion Euro worldwide to help them not to dy of hunger - if I'm well informed. If we are not solving this problem too - and it should be no problem to do so - then this means worldwide we are perhaps one or two decades back in a time we all don't like to live in. So the people have to make good decisions. And if god can help it's maybe good to tell him that we like that the helps us to find the right ways, where everyone in the world can live in a maximum of real happiness. It's not possible to be happy in a egocentric way if others are suffering. Ignoring suffering people and to be happy is not possible the same time or would be only a kind of an Illusion of happiness.
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Scientia et potentia humana in idem coincidunt, quia ignoratio causae destituit effectum
Sir Francis Bacon

On ne voit bien qu'avec le coeur. L'essentiel est invisible pour les yeux
Antoine de Saint-Exupery
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  #134 (permalink)  
Old 10-10-2008
Traveler Traveler is offline
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United_States     Texas

Re: Financial crisis reaches Europe

You see yourself as part of the poorest people in the world?

Anyhow i have not see anything that co-relates this financial crisis to starving people in the world. I dunno, maybe you are mis-informed, i'm not sure.
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  #135 (permalink)  
Old 10-10-2008
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Slartibartfas Slartibartfas is offline
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Re: Financial crisis reaches Europe

Quote:
Originally Posted by AjaxPress View Post
Why don't the Europeans just print hundreds of trillions of Euros to cover this crisis? Stop taking tiny steps and just end the bleeding.
Because simply printing money was already what made the depression after 1929 even worse.

You would also today create by pressing too much money a very strong inflation cause.
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