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US Default Will Kill Many Here?


Gendut
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I keep give waring and you still trade.. -_- -_-

 

S & P dropped below the psychological 1250 level but luckily recovered, if not all hell breaks loose....I trade small la becos this market is really crazy

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Turbocharged

Do you believe when I say nothing can kill off the Japanese? Thier deficit is >200% GDP. For 2 decades they have stagnated. Now I see it more clearly, the atomic bomb did not do it, nothing can.

 

Among the races in the world, they are unique. Their insularity and dogged determination to remain Japanese will see them thru any crises.

 

 

got...

an aging population and declining birthrate will kill them off eventually

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got...

an aging population and declining birthrate will kill them off eventually

 

Au contraire

 

I think as the population declines, the Japs will have more disposable income due to inheritance. OTOH, they will just get more efficient at producing goods.

 

Believe me, nothing can kill them not even atom bombs. They're just like cockroaches. :D

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Very jia lat..

 

http://www.channelnewsasia.com/stories/afp...1145058/1/.html

 

FRANKFURT : The European Central Bank said on Thursday it will mount a fresh six-month loan operation, providing pressed banks with easier funding, due to tensions in eurozone money markets.

 

The ECB had previously terminated such six-month operations, which were one of the exceptional measures taken during the global financial crisis to ensure that the banking system had enough liquidity.

 

"The governing council today decided to conduct a liquidity providing supplementary longer term refinancing operation (LTRO) with a maturity of approximately six months," the ECB said after it kept its main lending rate unchanged at 1.50 percent.

The eurozone debt crisis has put Italy and Spain under huge pressure in recent weeks after Greece, Ireland and Portugal had to be bailed out by the EU and International Monetary Fund.

 

The banks, who hold large amounts of government bonds issued by these weaker eurozone countries, have in turn come under pressure, finding it more difficult and increasingly costly to raise fresh funds from the markets.

 

Some analysts have even talked of an approaching credit crunch and all eyes were on the ECB Thursday in the hope it would take some measures to ease the strain for the eurozone and its banks.

 

Many had hoped that the ECB would resume buying government bonds until a new EU crisis fund can take over the task of taming a crisis which EU Commission head Jose Manuel Barroso said Thursday had spread beyond the bloc's peripheral countries.

 

[bigcry] [bigcry]

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