With the Dow jones loosing 400 points the worst loss scince 911 are we seeing America starting to burst at the seems?
The Chinese are now diversifing their intake of american dollars from American consumption by investing more into Gold , Euros , Pounds and the Yen which is weaking the USA dollar
There is no way the Chinese are going to Finance another war for Bush with Iran while the US dollar is falling .
Are we seeing the beginning of the end with the dimise of americaian eccomany and it becoming a country like Romania with high inflation and an annual wage of 10.000 to 15 000 per annam?
2007-02-27 17:06:31 · 9 answers · asked by Agent Orange Peel 2 in Politics & Government ➔ Government
Did you sell any stock today??? If not, you didn't lose a cent. Now is the time to buy!!!
2007-02-27 18:09:41 · answer #1 · answered by TedEx 7 · 1⤊ 0⤋
I don't think today's stock drop indicates anything. First, it is rare for overall market movements to be attributable to any single cause. Today's trading volume was around 7.5 billion shares. They didn't all sell for the same reason. Intel, for example, is still an overvalued stock. Cisco is even more overvalued. These stocks would have eventually dropped regardless of systemic pressures.
If China is diversifying their portfolio, good for them. It makes sense. At some point in the future, China will face a banking crisis. Their banks have overextended their loans without sufficient assets to justify them. I don't know how much longer they can afford to use their citizens for slave labor. When I was in China a few months ago, several people were complaining about the cheaper labor in Vietnam and they were losing jobs. There is also going to be a time when China will have to do something about their appalling environmental record; the clean-ups will be very expensive.
I have no problem with the dollar being weaker. A weakened dollar means that American goods will be relatively cheaper in the global market and we can export more.
I have no idea why you believe the Chinese wouldn't by more U.S. bonds if the value of the dollar is falling. From their perspective, they would be able to buy bonds more cheaply than when the dollar was strong.
I don't think we are seeing the beginning of the end, even though Greenspan predicted a recession. All economies, including ours, have always experienced oscillations. We have had periods of recession and inflation in the past and we will continue to experience in the future. There are many, many problems with the American economy, but it is still one of the most stable economies in the world and for the foreseeable future it will remain the world's benchmark.
2007-02-28 02:48:31 · answer #2 · answered by Jesus Jones 4 · 1⤊ 0⤋
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2014-09-22 16:59:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Only time will tell man. If todays market is any indicator then we are in real trouble here in the good ole US of A. But on tonights news the drop is reported to have been nthing more than a computer glitch, hope the press is not lying for a change lol.
2007-02-28 01:12:13 · answer #4 · answered by darkehawk_1 2 · 0⤊ 1⤋
This was not a 'crash'. According to news reports this was the 128th time the market has dropped like this in the last 100 years! The market goes up ... the market goes down. Over the long-term ... the market goes up.
2007-02-28 01:17:05 · answer #5 · answered by Doctor J 7 · 3⤊ 0⤋
Nothing to even blink about. The world has been on the brink of oblivion for centuries. And a lot worse has happened than today.
Don't be a doomsayer. Be positive and do better!
2007-02-28 01:29:42 · answer #6 · answered by Big R 6 · 2⤊ 0⤋
Stock market crash is just media hype. 400 points out of thousands = small percentage!
2007-02-28 01:18:05 · answer #7 · answered by Yeldar 1 · 2⤊ 0⤋