2007-02-27 21:43:45 · 3 answers · asked by IshotJR 2 in Social Science ➔ Economics
I'm taking a well educated guess here, with the oil producing countries imposing production quotas and Bush in Iraq raising hell, the Chinese people buying natural resources like their is no tomorrow, they also work for $2.00 a day. It seems to me that we do have a lot of reasons to be concerned. Add to that global warming ....
2007-02-27 22:04:51 · answer #1 · answered by Curious George 4 · 0⤊ 1⤋
market correction as J says...inflation..among other things. no one will buy even the good stuff. the market is weak. value on anything is null. even gold is losing value. U.S. stocks dive in a global sell off prompted by huge selling in China. Everyone is selling faster than anyone is willing to buy. It was overbought stock market. Dominos
If your into FOrex current rate as of 01:01:23 Hawaii Standard
Rate Bid/Ask High Low
EUR/USD 1.3188 / 91 1.3244 1.3179
USD/JPY 118.50 / 54 118.76 117.92
USD/CHF 1.2222 / 27 1.2247 1.2169
GBP/USD 1.9562 / 67 1.9648 1.9516
AUD/USD 0.7878 / 82 0.7890 0.7853
USD/CAD 1.1671 / 76 1.1687 1.1656
EUR/JPY 156.33 / 37 156.94 155.87
2007-02-28 06:04:15 · answer #2 · answered by r o 1 · 0⤊ 0⤋
It is called a 'market correction'. 128 of them over the last century.
2007-02-28 06:02:47 · answer #3 · answered by Doctor J 7 · 1⤊ 0⤋