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too late to cut rate---fed reserve must bail out i
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ten4one
Master |
23-Jan-2008 20:07
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The Market Force itself! Cheers! |
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Manikamaniho
Senior |
23-Jan-2008 19:53
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What force can alter 'natural' market cycles?... 
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jasonongsc
Senior |
23-Jan-2008 17:41
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the ball is now on congress to solve the long-term weakness in usa economy, fed is effectively only for the short-term ones |
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mike8057d
Veteran |
23-Jan-2008 16:39
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Bernanke to Cut Rates Further, Faster as Inflation Concerns Ebb source: Bloomberg |
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limhpp
Veteran |
23-Jan-2008 16:36
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Latest News http://www.bloomberg.com/apps/news?pid=20601087&sid=aElBF87dD5eQ&refer=home |
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mike8057d
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23-Jan-2008 16:30
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China's economy not as mighty as thoughtU.S. holds steady as world's economic power with 23 percent GDPhttp://www.msnbc.msn.com/id/22317937/ China accounts for 9.7% (#2) |
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mike8057d
Veteran |
23-Jan-2008 11:08
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Oops... The US Economy Still Matters Tuesday, Jan. 22, 2008 By BARBARA KIVIAT Brendan McDermid / Reuters There used to be a popular idea, up until a few days ago, that the world's economies had "decoupled." The United States, though worth 29% of the planet's GDP, no longer controlled the economic fate of everyone else, the thinking went, thanks to the rise of the global consumer, Europe selling to Asia, Asia selling to Asia. And so the increasing number of signs that the U.S. was headed toward recession ? falling retail sales, weak jobs numbers, a cratering real estate market ? were not really so worrisome. Even if growth in the U.S. lagged, everyone else would be just fine. Except the markets aren't taking it that way. On Monday, stock exchanges around the world swooned, from east to west, as investors, spooked by more fallout from the subprime crisis and credit crunch, failed to be reassured that a $145 billion stimulus package rolled out by the Bush Administration would do much to keep the U.S. economy afloat. The main index in Hong Kong dropped 5.5%, its biggest percentage loss since Sept. 11, 2001. India's benchmark shed 7.4%. In Europe, Britain fell 5.5%, France 6.8%, and Germany 7.2%. Brazilian stocks dropped 6.6% and Canada's main index lost 4.8%. In the U.S., markets were closed for the Martin Luther King Jr. holiday, but when they reopened on Jan. 22, the Dow industrials promptly shed 300 points, joining the sell-off that continued overseas, forcing trading to be suspended in India and South Korea. Even before U.S. markets reopened, the Federal Reserve Board cut the federal funds rate 75 basis points, to 3.50%, "in view of a weakening of the economic outlook and increasing downside risks to growth," the Board said in a statement. It was the first time since the markets reopened after Sept. 11, 2001, that the Fed had changed the federal funds rate between scheduled meetings. The move buoyed stocks in Europe, and added to speculation that the European Central Bank and the Bank of England would also cut rates in an attempt to stave off a slowdown. But bad news then continued on Wall Street, where Bank of America announced that its fourth-quarter profit tumbled 95%, largely due to a $5.44 billion trading loss driven by write-downs of collateralized debt obligations, the often mortgage-related securities creating havoc on banks' balance sheets worldwide. Rumors circulated that the Bank of China would be the next to report big losses. More than one commentator used the word "panic" to characterize the sell-off. Panic ? as if the sudden fear might be a bit of an overreaction, a tad on the hysterical side. Should it be? It is true that in many ways the United States does not have the global economic heft it once did. The U.S. stock market today accounts for 35% of world market cap, compared to 50% just 10 years ago. In recent times, as the American economy has slowed, other countries, such as China and Germany, which once could have been relied upon to follow, have actually continued to see growth. But in other ways, the world's economies are more linked than ever before. Today, 45% of the revenue for S&P 500 companies comes from overseas, compared with just 30% a decade ago. Securities backed by mortgages on homes in Miami and Detroit are held by banks from Switzerland to China. So, how much does the U.S. really matter? "If the world economy were a train, we'd now have a greater number of engines pulling that train," says Sam Stovall, chief investment strategist at Standard & Poor's Equity Research. "However, the biggest engine is still the U.S., and as a result, the speed of that train depends on it." |
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mike8057d
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23-Jan-2008 10:58
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I also hope that Asian economy will be bigger than US one day.....so that we don't have to see those angmoh's face anymore. |
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ten4one
Master |
23-Jan-2008 10:13
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M-E oil rich nations have no worry as they've black gold which is required to keep the engines of the world economy running. The world's situation is not as bad as you've painted. US recession maybe, difinitely not the whole world! The booming economy has now shifted to Asia (excluding Japan). It is now vital for the Asian Nations to support and cushion the Global economy from collapsing! Cheers ! |
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louis_leecs
Elite |
22-Jan-2008 23:40
Yells: "half cash" |
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i think mideast oil rich nation will buy the gold,,,,,,if they want to continiou their good fortune than they have to prevent even whole global economic must out of recession,,,,,,,dun forget they jus pour dollars to port,,,,tel col......bank.....and big proj in their own feet,,,,,than their multi dollar investment become japanese banknote(toilet paper)...even now is a good chance to take advangtabuy cheap cheap.......why not.........oh i just heart bank of china going to ann another bad news.......time bomb |
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ten4one
Master |
22-Jan-2008 23:08
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The int rate cut is not to prevent people to sell. It is to encourage people to buy with cheaper funds available. According to your suggestion that these Nations sell off their Gold to raise funds, then who will be the Buyers and where the Funds are coming! One more thing, if all these Nations were to sell off their Gold, the px of gold will fall to a level which I think will be a record low that has ever been seen....! ! ! Cheers! |
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louis_leecs
Elite |
22-Jan-2008 22:33
Yells: "half cash" |
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bear is too strong,,,,,,now people is lost confident ,,,,,,,rate cut cannt prevent ppl to sell share,,,,,,,fed reserve have to interv bail out big lost company,,,,,,injection fund to poor nation in usa,,,,sell their gold to raise cash and o rate for poor ppl,,,,,and asia government,,,like china,japan,,oil rich nation, singapore termaqsek cross finger to interv or injection fund to world |
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