22 comments on October 24, 2008 OPEC Meeting Open Thread
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22 comments on October 24, 2008 OPEC Meeting Open Thread
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I reckon we need an open thread for the markets, denninger reckons that today will be a biggie! A big crash i.e. the Nikkei is more than a thousand points below the DOW, that's a BAD sign. Even roubini was saying that markets could potentially be shut down for a few days in a matter of weeks if not less.
Giving Hank Paulson 250 billion dollars (to start) was a wise investment. One wonders where the market would be right now if that 250 billion had been immediately spent on nuclear, rail, wind and solar. At a minumum, some sectors would be WAY up-supposedly 70 billion of Hank's stipend went to pay bonuses to grifters. Jeez.