Falling stock markets, start of global decline?

Current Economy and Sustainable Development-compatible? GDP growth (at all costs), economic development, inflation ... How concillier the current economy with the environment and sustainable development.
Pyvesd
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Falling stock markets, start of global decline?




by Pyvesd » 21/01/08, 18:47

By dint of credits, speculations and massive layoffs (GM, Ford, Chrysler ...), they will end up having their recession ...

Black Monday for European stock exchanges, the tumble is global

European stock markets experienced a black Monday, in some cases posting their largest decline since the September 2001 attacks, due to fears stemming from the subprime crisis and the recession in the American economy.

Frankfurt plunged 7,16%, Paris 6,83%, London 5,48%, Madrid 7,54%.

Financial stocks have suffered particularly as investors fear that they will suffer further losses as a result of their exposure to the US subprime mortgage market.

The markets also welcomed the stimulus package for the US economy presented by President George W. Bush on Friday. Their fear is that it is not enough to avoid a recession in the United States with the risk of seeing it spread to Europe and other regions.

Wall Street was closed on Monday due to a public holiday in the United States.

The Managing Director of the International Monetary Fund (IMF), Dominique Strauss-Kahn, said Monday in Paris that the crisis caused by the slowdown in US growth was "serious", believing that it could also affect emerging countries.

"The situation is a situation which is serious (...) all the countries of the world are suffering from the slowdown in growth in the United States, well all the developed countries," Strauss-Kahn told reporters at the from an interview with French President Nicolas Sarkozy.

"The stock markets did not seem to appreciate the package proposed by President Bush," he said.

Among the other European markets, Amsterdam fell 6,14%, Brussels lost 5,48%, Milan 5,17%, Zurich 5,26%.

Moscow for its part lost more than 7% while the Latin American financial centers were also all in the red at midday, with in particular a loss of 6,74% of the Brazilian Stock Exchange.

In Latin America, the Sao Paulo Stock Exchange fell 6% at the opening of operations on Monday, in the wake of the Asian and European stock exchanges. The Buenos Aires Stock Exchange opened on a fall of 4,64%.

In Mexico City, the Stock Exchange unscrewed at the opening of 4,77%, some 1.273,62 points less than at closing Friday, its main index being 25.440,21 points.

The main Asian markets, already closed for the weekend when the Bush plan was announced, fell more heavily than Wall Street, where the Dow Jones had sold 0,49% on Friday and the Nasdaq 0,29%.

In Tokyo, the world's second financial center, the Nikkei index of star values ​​plunged 3,86% on Monday, ending at its lowest level in 27 months.

In Shanghai, the composite index collapsed by 5,14%.

In Hong Kong, the Hang Seng index fell even more sharply, losing 5,5% at the close to finish below 24.000 points.

In Sydney, the S & P / ASX 200 index ended the day down 2,90%, dropping for the eleventh day in a row.

The Seoul Stock Exchange's Kospi index ended at its lowest level in five months after falling 2,95%. In New Zealand, the NZX-50 index lost only 0,48%. Taipei (-0,91%) and Manila (-0,51%) also limited the damage.

The Singapore Stock Exchange fell 6,03%.

The trend was the same Monday in India, with a fall of 7,41% at the close, the largest decline ever recorded in a session for the Sensex index. In Jakarta, the stock market lost 4,8%.

“We are seeing a lot of panic selling,” commented Stuart Smith, advisor at Bell Potter Securities in Sydney.

Mr. Smith however judged that the current crisis constitutes a beneficial purge for the market, because "the titles of the companies less transparent and less clear on their business plans are massively sold".

Investors across Asia have reacted very badly to President Bush's plans to launch a massive plan to counter growing fears of a recession in the world's largest economy.

According to the American press, one of the flagship measures would be a tax rebate of up to $ 800 per person.

"The scope of the plan is more limited than expected and most investors are waiting to know the details of the measures," said Conita Hung, economist at Delta Asia Securities in Hong Kong.

Stuart Smith in Sydney, however, advised his clients to remain stoic and wait for the storm to end.

"This kind of thing only happens once every ten years or so, you have to hang on and hold on. But the market always ends up going up and breaking new records," he said.


(moved by ex-océano 21/01 / 2008-21: 06. This topic no longer has a place here)
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by freddau » 22/01/08, 07:03

Ah this morning the crisis continues :)
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by Pyvesd » 22/01/08, 08:33

effectively !! towards a black tuesday?
Brutal version of the awareness of a decrease?

07:20 The Tokyo Stock Exchange ends down 5,65%
06:00 South Korea: Seoul stock market down 5,7%
05:45 India: suspension of trading after a 9,5% dip in the Mumbai stock exchange
04:28 Ecuador renegotiates oil contracts with five foreign companies
03:53 China: Shanghai stock market down more than 6%
03:42 The Hong Kong stock market down more than 6%

"It looks like a funeral. No one knows what's going to happen tonight in New York. It's like we're going blind, like we're unable to know what's going on," Ken said. Masura, from the Japanese company Shinko Securites.
At the lunch break Tuesday, Singapore fell 4,83%, Kuala Lumpur 3,99%, Bangkok 4,45%. Jakarta plunged 9,10% in the early afternoon.

At the end of the day, Sydney lost 7,05%, its biggest daily drop since October 1997. "It's a total carnage, impossible to describe the situation otherwise," said Justin Gallagher, broker at ABN Amro.

Manila finished down 5,52%, Taipei 6,51%. The New Zealand Stock Exchange was the only one relatively spared (-1,09%).


And finally, Paris expected at -2% and NY at -5,5% !! if not, there is sun on bdx… very beautiful day in perspective : Mrgreen:
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by Christophe » 22/01/08, 12:37

I don't like the term decay ... Too much not taken from the "extremists" .... it is mental decline especially yes ...

The decrease is incompatible with the deepest feelings of the man seeking for the most part: progress, evolution, education ... in short: to know and want "more". This more is not necessarily pejorative, far from it!

I therefore prefer the concept of a more human and more environmentally friendly growth, no longer based solely on the outdated GDP index and on the good wishes of stock traders ...

In short, growth in sustainable, econological and less purely capital-intensive development!

We may be experiencing (more quickly than expected?) The end of an era of emperor and almighty money and that I can only rejoice ... (and I am sincerely sorry for the econologists who are spirited and will lose money on the stock market but it is the "game" after all, isn't it?)!

ps: here it is again in the green at 12 pm in Paris ...
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by denis » 22/01/08, 13:46

apparently it is to last, the raw materials, the imobiolier everything falls! and for the punters, there is nothing to do, surely not sell!
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by Christophe » 22/01/08, 13:48

Meuuuh nah !! They advise buying TOTAL ... : Mrgreen: : Mrgreen: : Mrgreen:
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by jean63 » 22/01/08, 15:45

Christophe wrote:Meuuuh nah !! They advise buying TOTAL ... : Mrgreen: : Mrgreen: : Mrgreen:

You should try........

To be serious, the stock market is a casino; it must therefore be used as such, that is to say sparingly.

Have there been any recent kracks in 1987, 1995 or 1997? and 2000 ..... but now we don't know when there is krack or not. Everything is handled by automata (programmed computers which buy or sell according to predefined thresholds, which cause sudden falls or vice versa).

Watch this testimonial from a stock marketer:
I'm in my 4th crash ... 19:12 21/01/08
since 1986, the year I started investing in the stock market: 1987, 1990, 1994, 2001 and now 2008 (mini crash for the moment)
And yet I have achieved an internal rate of return of 11% over these 22 years of investment.
How I do it: I select the most solid values, I keep them for a long time (5 years on average), and of course I avoid buying during a bubble period (example: the internet bubble of 2000-2001). I feel myself the owner of these companies and choose those that regularly distribute dividends (average yield of 2,5%), it consoles when the title drops: it is as if you touch the rent of a real estate investment.


There are a multitude of risky financial products that no one has mastered. This is well explained by the economist Michel Aglietta author of the book "Désordres dans le capitalisme mondial":

http://jt.france2.fr/13h/

click on "Guest of the newspaper, economist Michel Aglietta"

The other problem is that Spanish borrowers who have gone into debt up to 40 years with variable rate loans and repayments at 50% of their income will end up on the street as in the USA. I knew this Spanish particularity, based on the purchase at any cost of his apartment, confirmed by this report in the JT of FR 13 p.m .:

http://jt.france2.fr/13h/

click on "In Spain, the real estate market is also going through a big crisis"
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by jean63 » 22/01/08, 15:52

Christophe wrote:I don't like the term decay ... Too much not taken from the "extremists" .... it is mental decline especially yes ...

The decrease is incompatible with the deepest feelings of the man seeking for the most part: progress, evolution, education ... in short: to know and want "more". This more is not necessarily pejorative, far from it!

I therefore prefer the concept of a more human and more environmentally friendly growth, no longer based solely on the outdated GDP index and on the good wishes of stock traders ...

In short, growth in sustainable, econological and less purely capital-intensive development!

We may be experiencing (more quickly than expected?) The end of an era of emperor and almighty money and that I can only rejoice ... (and I am sincerely sorry for the econologists who are spirited and will lose money on the stock market but it is the "game" after all, isn't it?)!

ps: here it is again in the green at 12 pm in Paris ...


Hopefully, but do not dream. each time there have been kracks, it is gone and the rich are always richer, even the elders of the eastern blocks or the Chinese have in their ranks more and more billionaires.

Looks like you're following the evolution of the cac? not very exciting the exchanges in the forums stock market; it is much more interesting and informative here !!! : Mrgreen:

it continues in New York:

Wall Street plunges at the opening: DJIA -3,21%, Nasdaq -4,89%

The New York Stock Exchange plunged Tuesday at the opening of the meeting, despite a sharp emergency drop in interest rates from the Federal Reserve to allay fears of economic recession: the Dow Jones dropped 3,21% and the Nasdaq fell 4,89%.


source: http://www.boursorama.com/international ... ws=5058583
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by Other » 22/01/08, 16:36

Hello
Hopefully, but do not dream. each time there have been kracks, it is gone and the rich are always richer, even the elders of the eastern blocks or the Chinese have in their ranks more and more billionaires.


The stock market
It is a sea with many medium poisons which eat the small ones and are made eat by some very large fish.
There is only one way to get very rich is to legally steal the savings of the average people, who are the most numerous, the very poor hide their poverty, governments maintain them on the limit, they are voters useful maneuverable at the opportune moment ..


Or it hurts, it is the worker who has saved all his life, in order to have enough income when he is retired
(retirement in America is very disparate and very low compare to what you have in France)
the few $ placed melt, in the end after if the boy has not placed capital, he finds himself simply after 15 years below what he had put for those old days
When it doesn't just happen to him like I have been robbed
NORBURG who disappears had all the small investments of honest people ..
In reality we should all withdraw our assets from banks and place money to put it in a fireproof metal box and use it as needed. Tear up credit cards, only make money transactions.
I knew a scrap dealer, his money (placed) aluminum ingots flowed.

In all this discussion there are those that their whole salary is not enough to survive, eat, find accommodation, so for them the stock market is far in their vision, one day they will reach the age or they will no longer be employed , hoping that they live in a country with fair social measures (America is very far from being social)

Andre
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by Christophe » 22/01/08, 16:50

Latest American finds to avoid "the worst" (or the best, it depends on the point of view?): urgently lower the key rates !!

I don't even know if it's legal ...

http://tempsreel.nouvelobs.com/actualit ... ourse.html
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