| There's a lot of panic in the markets because complex packages of debt have made it harder and harder to judge risk. |
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| International-UN-NGOs | |
| UK stock market rout as FTSE blue chips lose £60bn | |
| 2007-08-17 | |
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| Posted by:lotp |
| #5 And I can't even loose 10-pounds! |
| Posted by: Spoluting Lumumba5130 2007-08-17 13:59 |
| #4 The dollar isn't dropping YET because the carry trade is (un)wound through dollars. |
| Posted by: Bright Pebbles 2007-08-17 09:06 |
| #3 The Aussie $ tanked this week. Down 12% against the USD and more against the Yen. Everyone is unwinding Yen borrowings and selling (previously bought) AUD. The era of cheap money is over down here. It's the biggest story of the year and the MSM (dismal as always) is completely oblivious to it. |
| Posted by: phil_b 2007-08-17 08:04 |
| #2 A bit of a reset is all. The British Pound is very high against the dollar, dare I say overvalued? |
| Posted by: bigjim-ky 2007-08-17 03:02 |
| #1 Gonna have to float the fed rate. |
| Posted by: newc 2007-08-17 02:58 |