When US coughs, the rest of the world catch the flue. I can't believe when I read in the US you could trade mortgage products on the stock market.
On Fri, Oct 10, 2008 at 3:30 PM, Ông-thu N <[EMAIL PROTECTED]> wrote: > According to the New > York<http://www.nytimes.com/2008/10/08/business/economy/08econ.html?_r=1&hp&oref=slogin>Times, > the US Economy is going from bad to worse. > Markets Plunge Despite Hint of Rate Cut. > Stocks plunged on Wednesday afternoon — shedding 270 points in the final > hour of trading alone — despite reassurances from the chairman of the > Federal Reserve, Ben S. Bernanke, that the central bank was prepared to > lower interest rates, words that many investors had said they were waiting > to hear. > "You are getting all the things that you would think the equity markets > would respond very favorably to," Steve Sachs, director of trading at Rydex > Investments, said. "But at this point it just doesn't seem to be doing it. > It's the attitude of "Sell" — regardless of what the news is." > Tuesday's declines bring the losses of the last two weeks to staggering > levels. The S.& P. has lost more than 17 percent in just two weeks. > The declines came even as Mr. Bernanke strongly hinted that the Fed would > lower interest rates this month in the face of a worsening outlook for the > economy and financial markets. > His remarks came as lending markets remained frozen and borrowing costs > ticked up overnight, a day after cascading losses in stock exchanges around > the world. > "Nobody trusts anybody right now," said Ryan Detrick, an analyst at > Schaeffer's Investment Research. "No one's lending to each other." > > > > -- MR, Khlean + Khlao + Khlach = Khmer --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Cambodia Discussion (CAMDISC) - www.cambodia.org" group. This is an unmoderated forum. Please refrain from using foul language. Thank you for your understanding. Peace among us and in Cambodia. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/camdisc Learn more - http://www.cambodia.org -~----------~----~----~----~------~----~------~--~---
