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2007-02-28 Home Front Economy
Chinese stock plunge sets off a worldwide sell-off
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Posted by Steve White 2007-02-28 00:00|| || Front Page|| [2 views since 2007-05-07]  Top

#1 We need our American government to show better fiscal discipline in the near future by cutting spending to eliminate deficits, eventually leading to reductions in the National Debt. This would help to maintain the strength of the US dollar and reduce our vulnerabilities to negative foreign economic developments somewhat.

Think of it as a form of economic nationalism which has no downside.

We also need a national energy plan (probably emphasizing significantly greater reliance on nuclear power) with added utilization of clean coal, hydroelectric, solar, wind turbines etc.

This would help to keep energy prices low (and also eventually help in defunding terror-funding petrol states, but that's another matter.)
Posted by Sic_Semper_Tyrannus 2007-02-28 01:08||   2007-02-28 01:08|| Front Page Top

#2 The US government deficit has been falling dramatically, despite having that silly war thingy to pay for, and may well fall to zero before the next president is sworn in. Separately, I heard on NPR this morning that the Chinese stock market regained 50% of yesterday's losses... although the other Asian bourses are still shaky. Did y'all realize that China's stock market valuation increased by 100% last year? If only it didn't involve money, I'd be on top of such things!
Posted by trailing wife 2007-02-28 09:01||   2007-02-28 09:01|| Front Page Top

#3 TW, your husband is a lucky man. I've been a bit torqued this morning. I needed a laugh and ingenuously downplaying the WoT as "that silly war thingy" provided a much-welcomed one. Thanks!
Posted by mac 2007-02-28 09:34||   2007-02-28 09:34|| Front Page Top

#4 The Chinese stock market.
I'm sure Mao must be spinning in his grave.
Posted by tu3031 2007-02-28 09:47||   2007-02-28 09:47|| Front Page Top

#5 I've got a good chunk in Janus Overseas, and it cost me yesterday - about $8000. Hopefully this will turn around. The Asian markets are off again (their Wednesday), but the Dow is up 30 as I write this and Bernanke's gonna speak the $ wisdom.... possibly a good time to buy
Posted by Frank G">Frank G  2007-02-28 09:49||   2007-02-28 09:49|| Front Page Top

#6 a good time to buy Airbus stock, Frank? (/sarcasm)
Posted by BA 2007-02-28 10:52||   2007-02-28 10:52|| Front Page Top

#7 errrr.....no
Posted by Frank G">Frank G  2007-02-28 11:54||   2007-02-28 11:54|| Front Page Top

#8 There was also the small matter of the US Vice President almost getting assassinated yesterday. The lefties scoffed, and mostly cheered, but the markets pay attention to these things.
Posted by Seafarious">Seafarious  2007-02-28 11:59||   2007-02-28 11:59|| Front Page Top

#9 Glad to be of service, mac dear. Separately, Smart Money magazine has an article on the situation that y'all may find interesting. As of 12:43pm Eastern Time, China and Shanghai both rebounded, although apparently investors are taking the opportunity to unwind from their Japanese yen-based positions -- so Tokyo isn't doing well. I hope your investment recovers, Frank. It takes stronger nerves than mine to play in such waters.
Posted by trailing wife 2007-02-28 13:36||   2007-02-28 13:36|| Front Page Top

#10 can't panic, TW - longterm, Janus (JAOSX) has returned 19.93 last year, 13.32 over 5 years, and 8.88 since inception
Posted by Frank G">Frank G  2007-02-28 15:28||   2007-02-28 15:28|| Front Page Top

#11 Old adage but very true: no matter how bad the market, if your company doesn't go completely under, you haven't lost anything until you sell.
Posted by mac 2007-02-28 18:54||   2007-02-28 18:54|| Front Page Top

#12 If a weak dollar is hurting airbust I think its time for America to start thinking about the good of France an Germany. Plundering both of their gold reserves should strengthen the dollar enough to help out airbust.

They have been such goods friends, its the least we can do.
Posted by Mike N. 2007-02-28 20:02||   2007-02-28 20:02|| Front Page Top

#13 Wrong article. Its official, I'm a moron.
Posted by Mike N. 2007-02-28 20:05||   2007-02-28 20:05|| Front Page Top

#14 actually, Mike, it's not official til Fred & the Mods vote on it in RB Imperial Council. Trust me - voice of experience :-(
Posted by Frank G">Frank G  2007-02-28 21:02||   2007-02-28 21:02|| Front Page Top

23:25 Old Patriot
23:21 3dc
23:17 3dc
23:04 Alaska Paul
23:00 Chiper Threreger8956
22:57 Chiper Threreger8956
22:47 Alaska Paul
22:45 Matt K.
22:42 JosephMendiola
22:40 Alaska Paul
22:40 Alaska Paul
22:34 JosephMendiola
22:32 JosephMendiola
22:24 JosephMendiola
22:23 trailing wife
22:22 Tibor
22:19 Eric Jablow
22:17 JosephMendiola
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22:13 Hank
22:11 JosephMendiola
22:02 twobyfour
22:00 BA
21:58 JosephMendiola









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