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Watchwoman on the Wall
Stock Market Plunges 391.01 (2nd day market tumbles) Whose in control?
By
Donna Calvin
Read my comment following this financially devastating news item. 9/22/2011 – CNN Reports: Stocks plunged Thursday as investors were gripped by fear. The Dow sank 390 points or 3.5%. The Nasdaq and S&P 500 each fell about 3.2%. The Federal Reserve’s comments about “significant downside risks” coupled with weak manufacturing reports from China and the…
Following this announcement today, Stock Market dropped another 283.82 points
By
Donna Calvin
Watchwoman comment follows, but first… CNN Reports: The Federal Reserve pulled the trigger Wednesday on a widely anticipated stimulus move, a policy involving the sale of $400 billion in short-term Treasuries in exchange for the same amount of longer term bonds. The goal is to push down interest rates on everything from mortgages to business loans,…
New Tax On Financial Transactions
By
Donna Calvin
Want tax on financial transactions… Joe Weisenthal French President Nicolas Sarkozy has expressed plans to introduce a “Tobin tax” in Europe: This means taxes on financial transactions, which is something the banks will hate. Obviously we need details, but this is not minor news if it’s carried forth. On the surface, we’d expect banks to…
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