European Debt Crisis

ZenGum · 05-08-2010, 07:13 AM

The Europeans loved the US debt crisis so much, they thought they'd have one of their own. Now the PIIGS are coming home to roost, or something.
The situation in Greece is causing financial waves around the world, and traders are so jumpy that last week, when someone mis-entered a trade in Proctor and Gamble, the market panicked and dropped around a thousand points in less than ten minutes, before substantially recovering.
In China, the Shanghai property index is down 40% this year. Perhaps China's boom is slowing, or ending, maybe with a bubble burst.
Are we seeing the second phase of the financial crisis? Just as the US is seeing some jobs growth.

Well, what do you peeps think?

05-08-2010, 07:13 AM	#1
ZenGum Doctor Wtf Join Date: Oct 2007 Location: Badelaide, Baustralia Posts: 12,861	European Debt Crisis The Europeans loved the US debt crisis so much, they thought they'd have one of their own. Now the PIIGS are coming home to roost, or something. The situation in Greece is causing financial waves around the world, and traders are so jumpy that last week, when someone mis-entered a trade in Proctor and Gamble, the market panicked and dropped around a thousand points in less than ten minutes, before substantially recovering. In China, the Shanghai property index is down 40% this year. Perhaps China's boom is slowing, or ending, maybe with a bubble burst. Are we seeing the second phase of the financial crisis? Just as the US is seeing some jobs growth. Well, what do you peeps think? __________________ Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl.

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