“This is perfectly timed, with everyone who is going to panic sell the US, is too Drunk and thankful”

By Daniel at 26 November, 2009, 10:01 am

From MarketWatch

“”I don’t see this as a massive issue but it’s another warning to where the world got itself last year with loose monetary conditions [and] loose lending,” said Naeem Wahid, market strategist at Lloyds TSB. “And, in a few cases, the problems are still out there and we could continue to see these kinds of nasty surprises” in the future.”

http://www.marketwatch.com/story/dubai-woes-roil-financial-markets-2009-11-26

From a recent FT article:

“Greece’s bond and stock markets have fallen sharply in the past week amid fears for its banks and economy as the European Central Bank prepares to end emergency funding for the eurozone financial system.”

http://www.ft.com/cms/s/0/6043ea44-d86f-11de-b63a-00144feabdc0.html

A few problems here and a few problems there and before one knows it, it becomes a global problem. Its not as if the United States, Europe, etc. are doing too well either. The current stock market rally I believe is suspect at best. I find where Wall St. and economists are, and where reality is are worlds apart. Time for a reality check.

http://jacobin777.wordpress.com/

- Jacobin