The Dow Jones shed 512pts and now we done nearly 200pts. Everything is red, thanks to the great superpower of the United States of America, who is supposedly the leading capitalist economy in the world. Now they can't get their debts right; they can't get their tax revenues thanks to the Bush years of tax cuts for the rich and massive spending on WHAT? sustaining American global hegemony by overthrow regimes of Saddam Hussien and making the world believe there is some connection with terrorisms and WMDs.
So America and Europe mass up on debts to go on massive spending sprees. Really now the poor guys are the ones scr3wed here. Despite strong economic growth from China, India, Australia, Canada, Germany, Brazil and Switzerland. Looks like the rest of the world is pretty much scr3wed. AND WE AUSTRALIA are not immune to this.
Great timinig Uncle Sam! and you can fix your recession and debt problems, but aim to save money for the rich. What a democracy, America is more like a plutocracy now.
Now us BMN holders? Looks like BMN, SDL, and MCC are now going up for sale at the initial cheap offers by Hanlong and Peabody respectively.
Thank you again Uncle Sam or Captain America.
BMN Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
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