We are developing the social individualist meta-context for the future. From the very serious to the extremely frivolous... lets see what is on the mind of the Samizdata people.

Samizdata, derived from Samizdat /n. - a system of clandestine publication of banned literature in the USSR [Russ.,= self-publishing house]

To the stocks!

Equity investors are having a rough time at the moment.

All of Asia’s major stock markets plummeted on Tuesday morning, continuing a bloodbath in share prices that saw London’s FTSE 100 suffer its biggest one-day fall since the 9/11 terror attacks as fears of a worldwide recession gripped the markets.

I wonder what brought that on? Could it be that the lack of easy money going through the financial system will finally impact on company earnings? I have no idea; I don’t work in the industry. But with the bears rampant, it will be interesting and worrying to see our political lords and masters promise ‘interventions’ to ‘stabilise’ the market. Good luck with that!

12 comments to To the stocks!

  • a.sommer

    ….our political lords and masters….

    Who the hell is that supposed to be?

  • Those politicians that run countries, perhaps? Presidents and Prime Ministers… those sorts? I would have thought my meaning was perfectly clear.

  • There is probably one thing that may save the country economic baasis .It is in this article http://livelymoney.blogspot.com/2008/01/why-making-money-on-internet-will-save.html

  • a.sommer

    Those politicians that run countries, perhaps? Presidents and Prime Ministers… those sorts?

    That’s the hired help.

  • James

    That’s the hired help.

    So presumably the vast armies of bureaucrats and civil servants can be called ‘squatters’, then?

  • Jacob

    I wonder what brought that on?

    Could it be the reports of some 3 big banks that they lost about $10bn each the last quarter ? And some not so minor banks having failed completely?

  • APL

    Jacob: “And some not so minor banks having failed completely?”

    Other than Northern Rock and Paragon, do you have any others in mind?

  • R. Richard Schweitzer

    Heavens Children! It is all so simple, think!

    There were more sellers than buyers.

    Start from that and work outwards.

  • Ian B

    Hmm, the FTSE rallied today. Looks like a pre-shock before the main collapse.

  • R C Dean

    That’s the hired help.

    They’ve certainly gotten uppity, then, dipping into my wallet and raiding the liquor cabinet. Shame I can’t get rid of them.

    And, oddly, more and more I find that, while I can’t tell them what to do, they can tell me what to do. Kind of makes me wonder who’s “hired help” around here.

  • a.sommer

    And, oddly, more and more I find that, while I can’t tell them what to do, they can tell me what to do. Kind of makes me wonder who’s “hired help” around here.

    Unfortunately, this concern is not a sole proprietorship, and the help has to annoy a majority of the Board before they get pink-slipped. Next time, I’m going to be sure to review the contract a bit more thoroughly… altho I am quite glad I got it in writing. There’s a rumor going around that there’s a similar concern over yonder who just took the hired help’s word that they’d abide by the terms of the agreement, and now they’re having trouble remembering exactly what the terms were.
    ;-)