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Thread: Egypt's stock market DROPS 10%

  1. #1

    Default Egypt's stock market DROPS 10%


    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).
    Read more: http://www.businessinsider.com/egypt...#ixzz2DF8mF3lX
    'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988

    Awareness is the Root of Liberation Revolution is Action upon Revelation

    'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
    "The only free road, the Underground Railroad, is owned and managed by the Vigilant Committee.
    They have tunnelled under the whole breadth of the land
    ." -Thoreau

    ...the familiar ritual of institutional self-absolution...
    ...for protecting them, by mock trial, from punishment...




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  3. #2

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    We will see something like this happen in the US soon I would imagine.

  4. #3

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    Quote Originally Posted by cubical View Post
    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?
    .
    "Every great new thought was opposed. Every great new invention was denounced. The first motor was considered foolish. The airplane was considered impossible. The power loom was considered vicious. Anesthesia was considered sinful. But the men of unborrowed vision went ahead. They fought, they suffered and they paid. But they won."
    - Ayn Rand, The Fountainhead
    ..
    .How do you tell when anti-vaxxers are lying? Their lips are moving.

    I blog at Red State Eclectic, and I tweet here,.

  5. #4

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    Quote Originally Posted by angelatc View Post
    You don't think that we're recovering from having already gone through that, I guess?
    I think , we could, just about be getting started on the next round of decline.
    Last edited by oyarde; 11-25-2012 at 05:27 PM.

  6. #5

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    Quote Originally Posted by angelatc View Post
    You don't think that we're recovering from having already gone through that, I guess?
    not at all

  7. #6

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    Quote Originally Posted by cubical View Post
    not at all
    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.

    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%.
    Last edited by Pauls' Revere; 11-25-2012 at 03:07 PM.
    - SUPPORT FREE TRADE, SMUGGLE -

    2 + 2 = 5.

  8. #7

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    Quote Originally Posted by cubical View Post
    We will see something like this happen in the US soon I would imagine.
    President Obama is going to grant himself immunity from Supreme Court decisions?

  9. #8

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    Quote Originally Posted by thequietkid10 View Post
    President Obama is going to grant himself immunity from Supreme Court decisions?
    I was thinking more , the large percent drop in the markets ....

  10. #9

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    Quote Originally Posted by oyarde View Post
    I was thinking more , the large percent drop in the markets ....
    yeah pretty much.






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