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Wednesday, October 22, 2008
Asian Markets Cratering ATT
Not looking good in Asia at the moment: Asian Markets
- Hang Seng down 5.5% - Nikkei 225 down 6.25% - Seoul Composite down >9%
1 comment:
Anonymous
said...
Roubini expects markets to shut down for "a week or two" beginning within days?
Roubini Says `Panic' May Force Market Shutdown, Fund Failures
Oct. 23 (Bloomberg) -- Hundreds of hedge funds will fail and policy makers may need to shut financial markets for a week or more as the crisis forces investors to dump assets, New York University Professor Nouriel Roubini said.
``We've reached a situation of sheer panic,'' Roubini, who predicted the financial crisis in 2006, said at a conference in London today. ``There will be massive dumping of assets,'' and ``hundreds of hedge funds are going to go bust,'' he said.
1 comment:
Roubini expects markets to shut down for "a week or two" beginning within days?
Roubini Says `Panic' May Force Market Shutdown, Fund Failures
Oct. 23 (Bloomberg) -- Hundreds of hedge funds will fail and policy makers may need to shut financial markets for a week or more as the crisis forces investors to dump assets, New York University Professor Nouriel Roubini said.
``We've reached a situation of sheer panic,'' Roubini, who predicted the financial crisis in 2006, said at a conference in London today. ``There will be massive dumping of assets,'' and ``hundreds of hedge funds are going to go bust,'' he said.
http://www.bloomberg.com/apps/news?pid=20601087&sid=appqOCRR4JMU&refer=home
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