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Behind the Global Markets' Meltdown
time.com — It spread from the U.S. Here's how it could burn us again
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- aqcarter, on 10/09/2008, -1/+1It's pretty amazing how intertwined the world markets are. Whoever is elected is going to have to focus a lot of their attention on the global economy as well as the US economy. Good article.
- CaptDD, on 10/09/2008, -1/+0Many companies like GE are under attack from the GLOBAL shorts (Oil $) and as a MAJOR US Defense contractor it is just one of the most visible companies in what I am now calling the (FIRST) ECONOMIC WORLD WAR or EWW 1.
If MAJOR recovery does not really happen tomorrow (10/10/08) then that will signal the beginning of a total economic collapse of the life style we have known in the past. Global "foot dragging" where nobody wants to be first to lend $.
Get ready to discover many straGEtic US companies that are getting ripe for foreign takeover UNLESS SHORT TRADING IS HALTED ASAP BY THE SEC, LIKE YESTERDAY. Imagine if Boeing was bought by Iran or China or Russia!
Our money (SEC) people are thinking of themselves instead of what is best for our country and will be labeled as $ Traitors as this man made situation continues to go down faster and faster.
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