European Tribune - Comments - A Wonderful Failure

A Wonderful Failure | 3 comments (3 topical, editorial, 0 hidden)

It appears that the Dow Jones dived 400 points upon the news of passign the bailout bill. Maybe Wall Street did not see much of "confidence building" in lawmakers' flip flop. Or maybe "rank-and-file" traders had a few days of reflection, and concluded that not much of those $700bln will trickle down even to them, and it would be time to direct tax money to real economy.

Or maybe Wallstreet developed a nasty response to fouls that blindly listen to them. When South Africa (under Mbeki) did its best to please investors, or the 1997 Asia was pressed to adopted "wonder measures" of IMF, the Wall street did not show much benevolence anyway.

by das monde on Sat Oct 4th, 2008 at 03:21:52 AM EST

Re: A Wonderful Failure (none / 1)

Good points. Thanks for making them.

by danps (dan at pruningshears (dot) us) on Sat Oct 4th, 2008 at 05:29:52 AM EST
[ Parent ]

A Wonderful Failure | 3 comments (3 topical, 0 editorial, 0 hidden)

. Home
. About
. Contact
. New User Guide
. FAQ
. ET Editorial Guidelines
. Search
. Search (Google)

Username:
Password:

. Make a new account
. Reset password

Recommended Diaries

Socratic Economics XII: Utopian Government Finance
by Zwackus - May 25
225 comments

A Star is Born
by ChrisCook - May 23
23 comments

$1,000,000,000,00
0 or what we must remember
by Metatone - May 19
69 comments

The balance of anger and fear
by Frank Schnittger - May 17
44 comments

Stable pricing is to metaphysics as variable pricing is to...
by Upstate NY - May 16
8 comments

Another NRW election
by DoDo - May 13
118 comments

Bundesrat saves PV (and loses Röttgen)
by DoDo - May 12
18 comments

SYRIZA and the Eurocrats: a letter of intent
by talos - May 9
363 comments

Recent Diaries

The French newspaper Le Monde reports 1.5 million living the...
by Democrats Ramshield - May 27

Socratic Economics XII: Utopian Government Finance
by Zwackus - May 25
225 comments

A Star is Born
by ChrisCook - May 23
23 comments

$1,000,000,000,00
0 or what we must remember
by Metatone - May 19
69 comments

The balance of anger and fear
by Frank Schnittger - May 17
44 comments

Stable pricing is to metaphysics as variable pricing is to...
by Upstate NY - May 16
8 comments

A little American intercine battling
by rootless2 - May 14
27 comments

Another NRW election
by DoDo - May 13
118 comments

Bundesrat saves PV (and loses Röttgen)
by DoDo - May 12
18 comments

The mainstream German Magazine Spiegel asks, has the US mixed ...
by Democrats Ramshield - May 10
27 comments

Short Term Climate Forces: Black Carbon, Methane, and...
by gmoke - May 9

Twenty days of Crisis for Cameron
by ceebs - May 9
22 comments

SYRIZA and the Eurocrats: a letter of intent
by talos - May 9
363 comments

French Parliamentary Elections: a look under the hood
by Bernard - May 8
59 comments

Sunday Train: The Rock Island Line is a Mighty Fine Iowa...
by BruceMcF - May 6
18 comments

Greece election day II - Election diary and info
by talos - May 6
129 comments

Greece: Election day I - some background
by talos - May 6

Why haven't we had WWIII yet?
by Migeru - Apr 30
258 comments

More Diaries...

Occasional Series

Click for full list