European Tribune - Comments - Lehman: more socialising the losses of the rich

Lehman: more socialising the losses of the rich | 200 comments (200 topical, 0 editorial, 0 hidden)

Re: Energy is down as much as finance (none / 0)

Energy, Basic Materials and Conglomerates were the three taking the biggest hits last I checked.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Mon Sep 15th, 2008 at 10:56:58 AM EST
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Re: Energy is down as much as finance (none / 0)

UK winners and losers here.

The usual mix of impulsive baa-ing and inexplicable irrationality. (Thomas Cook? Huh?)

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Sep 15th, 2008 at 11:01:25 AM EST
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Re: Energy is down as much as finance (none / 0)

Wondering why Europe's taking the bigger hit than the US.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Mon Sep 15th, 2008 at 11:09:16 AM EST
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Re: Energy is down as much as finance (none / 0)

It takes it earlier.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Mon Sep 15th, 2008 at 11:15:42 AM EST
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Re: Energy is down as much as finance (none / 0)

True.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Mon Sep 15th, 2008 at 11:22:20 AM EST
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One reason, I think (none / 1)

is that US investors sell foreign stocks when they need to raise cash at home to cover losses - and they are still a big part of the ownership of European stocks.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Sep 15th, 2008 at 04:25:04 PM EST
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Re: One reason, I think (none / 1)

Wound up not being true anyway. The Yurpian indexes dropped ~2.5-3.5%, I believe. Yank ones dropped ~3.5-4.7%.

Fun, fun, fun!

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Mon Sep 15th, 2008 at 04:41:37 PM EST
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Thomas Cook (4.00 / 2)

might have to do with the various tour-operators that have gone bankrupt in the past couple days. It's been almost unnoticed in the ongoing news (Lehman + Ike) but close to 100,000 people have been left stranded while on their holidays...

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Sep 15th, 2008 at 04:23:58 PM EST
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Re: Thomas Cook (none / 1)

Good point - but even so, I suspect package holidays may not be getting a lot of consumer attention next year.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Sep 15th, 2008 at 05:15:46 PM EST
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Re: Thomas Cook (none / 1)

It's all Thomas Cooked, as they say.

You can't be me, I'm taken

by Sven Triloqvist on Mon Sep 15th, 2008 at 05:44:53 PM EST
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Re: Thomas Cook (none / 1)

Things I've heard about those stranded passengers and their implications to the share price of other travel firms is that the collapse of one travel firm tends to push the share prices of others higher, as there has been a contraction in the market supply.

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Tue Sep 16th, 2008 at 08:36:57 AM EST
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Lehman: more socialising the losses of the rich | 200 comments (200 topical, 0 editorial, 0 hidden)