Quote:
Originally Posted by Osem
Markets hate uncertainty and so do investors both large and small. Confidence (often misplaced) is what fuels booms and a lack thereof coupled with the tiresome financial realities of life is what leads to the inevitable bust. As we are seeing with a relatively small economy in Greece, it doesn't take much to rock the foundations of the EU's house of cards. The Eurozone bigwigs' failure to act decisively in sorting out the crisis is what's increasingly spooking everyone and Merkel isn't too keen on staking more German money underwriting EU debt via common Eurobonds without getting something in return. We had plenty of talking and hot air from Europe before and during the Balkans conflict and little seems to have changed. These people love having meetings but don't seem to have a plan B and that's what's really worrying. Yes it can become a self-fulfilling prophecy and many would argue that the difficulty of achieving concensus within such a group of nations was one of the EU's fundamental flaws from the outset. Of course anyone who dared point that out was called a little Englander or something equally derogatory. Right now I reckon the EU is trying to control the spread of a forest fire with a garden hose and I'm certain that Merkel's 'solution' will involve yet more 'integration' and, therefore, German influence within the EU. I didn't think anyone should doubt how high the stakes in this 'game' are. 
---------- Post added at 10:03 ---------- Previous post was at 09:40 ----------
Meanwhile, clearly not at all concerned about the potential for chaos in Europe, Teresa May is apparently making plans to restrict EU immigration in the event of a crisis. I understand there are provisions in EU law to allow member states to do this in times of emergency, but what's the betting their definition of an 'emergency' won't be quite the same as ours?...
http://www.telegraph.co.uk/news/ukne...collapses.html |
This the problem governments only themselves to blame deregulating the markets. Should never done this was always one day come back bite them up backside.
free unregulated market with fair capitilism is myth as its full of greed. Without tight reigns it becomes too dangerous. Governments was thick to allow it to get out of hand.
My fear where they going looking at ftse shows there is one heap trouble coming our way. Another brownstuff storm.
This just top movers this shows more banks losing where the money men investing its big trouble here.
It seems these money men really not thinking this through dont realise damage they doing. They lost sight that stocks should never guarantee profits losses will happen so we now get more movement than before. Its like they find the next safe haven. They lose money they gain money always will happen panic not what the world needs.
I agree maggy what really nead cool heads DONT PANIC.
At momemt its OIL, UTILITIES, insurances this my problem by tanking the banks they tanking the economy.
Governments will be forced to bailout again then they will saying MORE Austerity on the wrong end of spectrum.
Lets get markets regulated again stop this nonsense
I now wondering if we need to shift from imeterial wealth to hardcore wealth. Let these bigots play there little games have businesses work on hardcore property, and finance not there stock value.
Take the power away from money men to dictate where they can pressure/tank companies by taking that power away.
It wont happen over night it maybe too late but if I have 20p should not go to the bank as bargaining power of my 20p.
I therefore should never be able to go to bank ask for million loan due to my stock value say 1bn shares as example.
This why western economy tanking due to this stupid scenerio evolved.
That way money men bail the company wont go bust.