http://pragcap.com/asian-stocks-hammered-on-continued-tightening-concerns Sun, 12 Feb 2012 13:32:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://pragcap.com/asian-stocks-hammered-on-continued-tightening-concerns/comment-page-1#comment-11140 billw Wed, 27 Jan 2010 03:34:44 +0000 http://pragcap.com/?p=15955#comment-11140 China is just another shoe to drop. This market is exactly like 2007 all over again; we keep getting one piece of bad news at a time and putting a happy spin on it as being less bad. A la Lehman, Bear Stearns, Indy Bank and so on. We are definitely playing with fire right now. Greece, Spain, italy, Portugal, Ireland, England and the dominoes keep falling. How soon before one of these events become the literal straw that breaks the elephants back? As Steve Keen is known to say, this will not end well! China is just another shoe to drop. This market is exactly like 2007 all over again; we keep getting one piece of bad news at a time and putting a happy spin on it as being less bad. A la Lehman, Bear Stearns, Indy Bank and so on. We are definitely playing with fire right now. Greece, Spain, italy, Portugal, Ireland, England and the dominoes keep falling. How soon before one of these events become the literal straw that breaks the elephants back? As Steve Keen is known to say, this will not end well!

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