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Old 08-07-2011, 11:03 AM  
directfiesta
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Join Date: Oct 2002
Location: Punta Cana, DR
Posts: 29,597
Congrats to the TeaParty : they did cut 2.5 trillion

... off the stock market in only one week ...

Quote:
Rough week: $2.5 trillion wiped off world stocks

LONDON ? More than $2.5 trillion have been wiped off the value of world stocks this week on mounting concerns the global economy is heading toward another recession and Italy and Spain are being engulfed by the euro zone sovereign debt crisis.

The sum wiped off the MSCI All-Country World Index is almost equivalent to the size of the entire French economy.

The MSCI All-Country World Index is down 8.6 percent this week, on track for its biggest weekly percentage fall since November 2008.


The U.S. S&P 500 index alone has lost more than $840 billion from its market capitalization this week , while European equities measured by the MSCI Europe have lost more than $817 billion.

"These are markets to be careful (in), not to try and be a hero," Royal Bank of Scotland Chief Executive Stephen Hestor told reporters after the bank announced its first-half results.

http://www.msnbc.msn.com/id/44049611.../#.Tj7S6IK8vzs
Gotta admit, they are effective in downsizing ...
__________________
I know that Asspimple is stoopid ... As he says, it is a FACT !

But I can't figure out how he can breathe or type , at the same time ....
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