The Japanese Market is collapsing

[Just_Ben]

Lingyis said:
all we can do now is cross our fingers and hope. there's really not much to be said.

the "dollar standard" as we know it could be ending before our very eyes. i hope not, but it could well be the case.

the US economy is resilient, but this mess is pretty major. i hope european central banks realize that if america fails, the world economy suffers a great deal. in other words, i hope they would cooperate with the Fed a little more, which really isn't happening right now. it seems as though the europeans are taking a very passive approach to america's problems. you can't really blame them, but you just can't help but wonder just what is that they're thinking these days.

stock markets go up and down, that's fine with me. but the massive dollar depreciation is really worrying. i hope that the bottom is near and foreigners start buying US currency again.

one statistic: last month's Fed treasure auction was bought by only 8% of foreigners, as opposed to 25% a few months ago. that figure obviously need to go back up. only a perception that the dollar has hit a bottom would that happen, which is why other central banks need to cooperate with the Fed.

actually, it'll take more than just central banks, but at least it's start. plus it buys some time, at least.

Off course, we european have to pay for Americas problems and helping China with America automaticly. Don't think so. America got deep in without us. Its enough that our banks where stupid enough to pay the real estate bubble (at least to an extend). I think we live fine withouth helping out. If anything we just need to give our internal market a boost. America can dig themselve out of their whole. Bill Clinton was able to once (and bush destroyed it). I don't pay higher taxes than the avarage Joe in America, so he can get my money ;)