Asia Reconsiders Enthusiasm For U.S. Bailout Plan

[Dover]

Source: Forbes

After a two-day rally, doubt began to creep into investors' minds as to whether the U.S. bailout plan would be strong enough medicine for what ails the financial markets. First, Wall Street took a hard fall Monday, then Chinese and Australian shares followed. The record one-day spike in the world oil price overnight also reminded Asian stockholders of other danger spots for the global economy. Korean markets defied the downward forces that were exerting pull elsewhere and finished ahead of the game.

Asian stocks were mostly lower Tuesday following an overnight plunge in the Dow industrials of 372.75 points, or 3.3%, to 11,015.69. Investors, whether based in the West or the East, share the same questions: Will the U.S. Congress promptly pass the Treasury Department's $700 billion plan to buy bad debt from the balance sheets of financial firms? And, if so, will it be the magic bullet to end the credit crisis? (See "U.S. Stocks Blasted By Bailout.")...>



Read more: http://www.forbes.com/home_asia/2008/09/23/briefing-asia-closer-markets-equity-cx_vk_sg_0923markets05.html

[truthisfreedom]

1. A whole lotta plungin' goin' on.

When America catches the flu, the world throws up.

[ConcernedCanuk]

2. lol- my brain read EUTHANASIA on quick glance!!

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maybe it's right???

[defendandprotect]

3. Why is no one talking about this rotting pile of dog poo called "capitalism" ....

and moving back to the "New Deal" and, further, to socialist democracy

with the founding of a new future based on a social/democratic economic plan/agenda --

tossing Republicans and capitalists back to their Medieval beginnings -- ???

We have tons of work to be done in America ... founding health care based on a true

understanding of and access to plants upon which all "drugs" are based --

preventive care rather than "slash & burn" medicine for PROFIT --

Our nation needs rebuilding -- we can create an exciting real press --

ALL it takes is enforcing our monopoly laws and breaking up these capitalistic monsters

challenging our people's government and emptying our Treasury --

Let's go Americans BEFORE they succeed in totally disrupting the nation and creating


Let's also buy out GM or raise new companies to produce ELECTRIC CARS and

work on saving the planet + cleaning our air & water --


NATIONALIZE the oil industry --

enough citizen fear to overturn the peace and unity we still have --