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whats_real

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31 Aug 2008
hey all, I have answered a few threads in the last while and when I go back into the threads the posts that I have made do not show up... why is this? Am I banned from reading the posts or do they even get posted at all?

whats up with this??
9 Aug 2008
10:00 PMPassionate Eye - Mortgage Meltdown Investigates the crisis in the mortgage market that's rocking the world's economy. Will it hit us?
17 Jul 2008
Seen this on BBC world news... thought it might be a sign of the times..... watch out for the rest of the 3rd world stock markets when the S''' hits the bottom..... cheers

full video and article

http://news.bbc.co.uk/2/hi/south_asia/7511104.stm




Protest over Pakistan share slump

Protesters storm the Karachi Stock Exchange



[b]Angry investors have attacked the Karachi Stock Exchange (KSE) in protest at plunging Pakistani share prices.


More than 200 people took part in the demonstration at the country's main stock exchange in the southern city.

A number of windows were broken and at least two people injured, Reuters news agency reports.

The protesters demanded a temporary closure of the KSE to stop further slides. It is down 14% since Monday and reached an 18-month low this week.

There were smaller protests in the cities of Islamabad and Lahore, where demonstrators burned tyres near the local exchanges.

A growing company and consumer debt burden and surging inflation have led to a crisis of confidence in Pakistan's economy, analysts say.

Concern has also been fuelled by political infighting between the new coalition government and its allies, as well as growing US pressure on the authorities to crack down on Islamic militancy in the country.

Smashed windows The small investors who gathered in the main hall of the Karachi Stock Exchange were alarmed by stock prices falling for the 14th day in a row.





By about midday (0600 GMT) on Thursday share values on the KSE had fallen more than 4%, or 433.51 points, to 10,058.37.

The rupee also dropped by 1.3%, continuing a slide which has seen it lose 16.9% of its value against the dollar so far this year.

Investors in Karachi demanded a temporary halt to trading.

When this was denied, some went on the rampage, smashing windows and lights until they were dispersed by police.

"We are looking at the situation and there is no question of suspending the market," Razi-ur-Rahman, chairman of Securities and Exchange Commission of Pakistan (SECP), told Reuters. The BBC's Barbara Plett in Islamabad says there has been a slump in investor confidence amid doubts that Pakistan's newly-elected government can deal with economic challenges like run-away inflation and wide trade and budget deficits.





The authorities have inherited much of the problem from the previous government, and that has been compounded by high world oil and food prices, our correspondent says.

But economists say lack of leadership from the weak coalition is one of the main risks to macroeconomic stability. "What is needed at this point, is aggressive action from the government to lift sentiment," Shuja Rizvi, director of broking operations at Capital One Equities, told Reuters.

[/b]
17 Jul 2008
Lets see..... crude oil goes down.... gas should follow wouldn't you think????

whats wrong with this picture???
15 Jul 2008
<H1 class=articletitle>hang on to your wallets folks......

http://finance.sympatico.msn.ca/investing/news/businessnews/article.aspx?cp-documentid=8644319


Bad news mounts in U.S., Canada; tougher times coming, say central bankers</H1>Julian Beltrame, THE CANADIAN PRESSJuly 15, 2008OTTAWA - Canadian and U.S. central bankers warned of tougher times ahead on Tuesday as the slumping North American economies suddenly appeared more vulnerable to job loss, financial failures, inflation and weaker consumer spending. Bank of Canada governor Mark Carney and U.S. Federal Reserve Board chairman Ben Bernanke issued separate but equally blunt assessments, saying both their economies are combatting rising inflationary pressures and slowing growth. Meanwhile, signals of growing weakness mounted throughout the day. -General Motors Corp. announced plans to cut its U.S. and Canadian white-collar salary budget by 20 per cent, further reduce truck production, suspend its dividend and borrow US$2 billion to US$3 billion. -The U.S. Labour Department reported that soaring costs for gasoline and food pushed wholesale prices up 9.2 per cent in June from last year, the biggest yearly surge since 1981. Meanwhile, retail sales edged up a tiny 0.1 per cent that included a sharp downturn at auto dealerships. -In Canada, a pillar of strength in the domestic economy showed signs of crumbling as house prices experienced their first decline in nine years last month. Home prices in major markets edged down 0.4 per cent from last June, and sales volumes plummeted, by as much as 42 per cent in Greater Vancouver. The bad news, following the weekend's revelations over continuing turmoil in financial and mortgage markets in the United States sent the Toronto Stock Exchange plunging 450 points at one point, recovering slightly to close down 383.73 points to 13,357.56. As well, oil prices dipped almost US$10 a barrel during the day on fears the U.S. economic malaise would prove more stubborn than forecast. Crude closed the day at $138.74 a barrel, down $6.44. "The U.S. financial markets and the U.S. economy are in crisis and the ramifications for the rest of the world are enormous," BMO Capital Markets chief economist Sherry Cooper in said a note to clients. "Layoffs are rising sharply and the fear of unemployment is palpable. Daily announcements of major layoffs accompanied by record-high gasoline and food prices as wealth destruction continues have driven U.S. consumer confidence down to very low levels." Bernanke told the Senate banking committee in Washington that the problems of rising prices, slumping home values and financial sector difficulties pose "significant downside risks" for the economy and "significant challenges" for policy makers. Carney cited the identical stagflation concerns in Canada - rising inflation, slowing growth - although less pronounced and from different origins. In a statement on his decision to keep interest rates where they were, Carney said there were three major developments affecting the Canadian economy. "The protracted weakness in the U.S. economy, ongoing turbulence in global financial markets, and sharp increases in many commodity prices," he said. The first two are evolving as expected, Carney said, but commodity price spikes, particularly oil, are exceeding all expectations. Both central bankers presented a rosier picture of the future, however, with the Canadian economy forecast to begin its recovery in 2009 and inflation - which Carney said will rise beyond four per cent early next year - set to settle back to the bank's target of two per cent by the end of 2009. But it will get worse before it gets better, said Scotiabank economist Derek Holt. Canada's economy actually shrank 0.3 per cent in the first three months on an annualized basis, but most economists expect the second quarter will rebound. Continued weak demand from the United States and slumping domestic demand in Canada, as evidenced by the slowing housing sector, will make for a rough conclusion to 2008, Holt predicted. "The positives for Canada is that Canadian governments are in a strong fiscal position with huge federal and provincial government surpluses. If we need to bring forth more fiscal stimulus, we have the means to that much more than the U.S. and Europe," he said.
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