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Old 10-07-2008, 09:59 PM   #20
ZenGum
Doctor Wtf
 
Join Date: Oct 2007
Location: Badelaide, Baustralia
Posts: 12,861
Meanwhile, across the Atlantic, European stocks have all just lost 7 to 10% in a day (Germany, France, Britain etc). You are not alone. Banks throughout Europe are suddenly finding themselves needing bail-outs, and being part-nationalised in response. This has a lot of similarities with how the great Depression started.

Although I nearly choked when the TV news announced that Iceland's banking system had "gone into meltdown".

If I find time, I'll soon make some comments about international currency exchange rate fluctuations. As a teaser, the AU$ has fallen about 33% against the yen in the last two months, and about 15% in the last week. Since I have a large(ish) stash of yen, this is actually great for me, but changes that big, that fast, are not good for anyone.
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Shut up and hug. MoreThanPretty, Nov 5, 2008.
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