Friday, December 7, 2007

Dow bows to credit pressures

Duration: 03:35 minutes
Upload Time: 2007-08-14 18:57:06
User: reutersvideo
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Tags:

Dow  Nasdaq  credit  

Description:

Aug 14 - A more than 200-point drop in the Dow sent the blue chip average to its lowest close since April as investors dealt with new credit worries.

Comments

davidedwardclark ::: Favorites  2007-08-16 01:10:53

cheap credit will not solve the problem. it is theft. the government pumps money into the economy and the worth of the US dollar drops as those who barrow the money spend it. if printing money created wealth everyone could be rich. Ron Paul 2008
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immanent ::: Favorites  2007-08-16 02:01:41

Your words fall on deaf ears my friend. I'm working hard to get Ron Paul elected too, but we are quite literally running out of time. They are pumping liquidity in to slow the meltdown, but you can't stop this Chernobyl. Real estate is going to plummet and foreign investors and international elite are going to swoop in and buy everything up. Rich -> richer. Bow down to your corporate masters.
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JiveDadson ::: Favorites  2007-08-16 02:10:40

Cheap credit to prop up the stock market during the dot-com bust is what caused this bubble. Cheap credit now will cause the next bubble. And all the while, the dollar buys less and less. Go ahead, Mr. Bernanke, turn on the printing presses. Who needs a middle class anyway?
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softearth ::: Favorites  2007-08-16 08:11:15

Want more info? Check out this MP3 for more information on the markets: 8/15/07: Interview with financial economist and historian, Dr. Michael Hudson. kpfa . org/archives/index . php?arch=21767 (*remove spaces)
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davidedwardclark ::: Favorites  2007-08-16 15:52:53

JiveDadson your spot on about the middle class disappearing and I have seen your Ron Paul videos. keep fighting the good fight brother.
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