It's Monday morning in Asia and the markets are falling off a cliff.

[Speck Tater]

http://finance.yahoo.com/intlindices?e=asia

Indices are all falling by as much as 2, 3, and 4%

[OHdem10]

1. Thanks.

[bluestateguy]

2. Oh here we fucking go again

Why do we even need to have stock markets anyway? Just to keep us all in a continuous state of panic.

[Lionessa]

6. Yes, but until the markets really crash and stay down longer than

a week or two, the 1%ers aren't going to recognize that all their stupidity to date isn't working and that another tack is required.

[Warpy]

3. Sic transit glorious money

the illusion was nice while it lasted.

However, as the commodities bubbles pop, the money will go back into stocks because it can't all got to vulture funds buying up foreclosed housing.

Just be grateful we're not Greece. Yet.

I think Greece will be allowed to fail as a warning to other financially tottering countries to abuse their populations sufficiently to please the IMF. The markets will dive until that's all sorted out.

[tama]

5. Money can also go puff

back to where it came from, and that's nothing.

[Warpy]

14. Pretty much, real wealth isn't counted in money but in goods

and the ability to produce other goods and services.

The men at the top have forgotten that. I think a lot of those billion dollar net worths are going to evaporate rather quickly as the derivatives market finally implodes.

[AnneD]

15. From your lips.....

to God's ears.

[raccoon]

16. I think you may be right about that,

"I think Greece will be allowed to fail as a warning to other financially tottering countries to abuse their populations sufficiently to please the IMF. "

[gristy]

4. Not a cliff

All down less than 2% right now

Nikkei 225 8,397.74 -162.52 -1.90%
Hang Seng 17,352.00 -316.83 -1.79%
Straits Times 2,648.56 -50.24 -1.86%

[rpannier]

11. As of 4:30 pm today

Hang Seng lost 2.4%, Nikkei 2.17%, Shanghai 1.84%, the Kospi down about 2.6%

[Lasher]

7. US futures are down about 1.2%

Most European indices are down but three are up a little.

[msongs]

8. great lets put a big tax on all futures trading....scummy leeches nt

[Lasher]

10. I would rather see all commodities trading outlawed.

Every single bit of it.

[rpannier]

9. Korean currency has dropped 30 won to the dollar in half a day

It's not gonna be a pretty week

[Lasher]

12. That alone is not such a big deal.

That would mean the Korean won dropped from 1,166 to about where it was a week ago, relative to the US dollar

[DCBob]

13. Asian markets have recovered quite a bit and European markets are now way up.

doomsday is not here yet.

[Name removed]

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