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Read more: http://www.businessinsider.com/egypt...#ixzz2DF8mF3lXQuote:
The Egyptian Stock Market Got DESTROYED Today
Joe Weisenthal | Nov. 25, 2012, 7:02 AM | 1,090 | 3
On its first day of trading following the surprise Thursday evening announcement that President Morsi would expand his power in significant ways, raising the specter that the Democratic revolution that ousted Mubarak could go be set back, Egypt's stock market got destroyed by nearly 10% (HT: AP).
We will see something like this happen in the US soon I would imagine.
You don't think that we're recovering from having already gone through that, I guess?Quote:
Originally Posted by cubical
I think , we could, just about be getting started on the next round of decline.Quote:
Originally Posted by angelatc
not at allQuote:
Originally Posted by angelatc
I concur, I just read an article regarding the TRILLION dollar student loan debt burdening many. Some will NEVER be able to repay. Sounds much like our national debt. I have no idea what impact this will have for the future. I do know that much of peoples disposable income will be eaten by this debt, thus less likely to consumer/use services. Have to wait and see.Quote:
Originally Posted by cubical
Anyone else have study's on this for reference?
But, back to Egypt...wonder if some rich OPEC nation will back them up?...only 10%.
President Obama is going to grant himself immunity from Supreme Court decisions?Quote:
Originally Posted by cubical
I was thinking more , the large percent drop in the markets ....Quote:
Originally Posted by thequietkid10
yeah pretty much.Quote:
Originally Posted by oyarde