Joehoe, het is weer vrijdag. En vrijdag betekent uitverkoopdag! Verschillende contracten lopen af en hedge funds, die ook krap in hun geld beginnen te zitten, moeten all-over verkopen. All hail to the Bear! Japan: -9%, Duitsland: -9%, Amsterdam: -9%, London: -8%, en zojuist in NYSE op Wallstreet open gegaan: -5% op de Dow. De Pond is sinds 1971 niet meer zo goedkoop geweest (voor Amerikanen), de Micex Stock Exchange in Moskou is stilgelegd, Amerikaans waardepapier (Treasuries) hebben nog nooit in hun bestaat zo weinig opgeleverd. Futurehandel in de VS stilgelegd. Daalt de Dow vandaag 1.100 punten dan gaat de stop op de volledige handel. Autofabrikanten tegen de vlakte, Air-France/KLM ziet winst wegsmelten, Oost Europa is weggevaagd. Going down……going down…..mayday…..aaaarrrrrgggg…..bijna 16.30 en dan gaat het weer los. **update: lang leve de koopjesjagers! We hebben het weekend gehaald!**
.....al is grote broer en tomatendumpplek Duitsland in 19 jaar niet zo weinig meer waard geweest, Oost Europa is een smeulende puinhoop, ING blijft, Groot-Brittannië in recessie. Het kapitaal checked out. Een 20 kilozak met droge bonen kost ongeveer 6,50.
Eindstanden:
■ AEX: -4,63%
■ FTSE: -5%
■ DAX: -4,96%
■ CAC: -3,53%
■ IBEX: -5,19%
Nou, dat viel reuze mee......
The economies of central and eastern Europe are being rocked by the crisis of world capitalism, compounded by the corrupt and pro-big business policies of their local elites.
Defying many economists and commentators, who had forecast that the region would be well placed to deal with the credit crisis due to the lower relative weight of finance capital within their national economies, much of Eastern Europe stands on the verge of insolvency and deep and protracted recession.
The Bush administration has called for an economic summit to be held by the 20 largest economies sometime after the presidential elections. US and EU officials are hoping to stitch together another Bretton Woods wherein control of the global economic system was delivered to those same nations. It's likely, however, that the outcome will turn out considerably different than anticipated. Already, under China's leadership, 12 Asian nations have agreed to set up an 80-billion-dollar fund to protect their economies from currency-runs, capital flight or other financial disruptions. China has the world's largest reserves at $1.9 trillion followed by Japan at more than $1 trillion. Clearly the two richest nations will set the agenda and play a central role in deciding how best to deal with the global recession.
The November summit in Washington could produce some unwelcome surprises which were hinted at by Thailand's Deputy Prime Minister, Olarn Chaipravat, who told Bloomberg News: ,
"The message of this initiative is for China to consider whether or not China would open up its banking system and allow the strongest currency in the world, which is the Chinese yuan, to be the rightful and anointed convertible currency of the world."
Surely, the present financial malaise which has its roots in Wall Street and at the Federal Reserve, has demonstrated that the dollar must be replaced as the world's "reserve currency" and that America must be deposed as the de facto steward of the global economic system. Leadership implies responsibility and the US must be held to account for its failings. It's time for a change.
Waarom niet meer op zwarte maandag zoals en paar weken terug ?