[CindyLavender]

...

[Siuchingach]

Probably something to do with the US possibly defaulting on their debts in a week or two.

[Siuchingach]

Or some teenager hacked into the FTSE!

[Noxassope]

Every single indicator in every single FTSE was RED this morning when the markets opened in London, this morning.

I am not sure when that happened last? Serious financial issues in Europe!!!

My last comment in this thread might give you better insights.

http://www.sunniforum.com/forum/show...minati-bankers

[grizolsemn]

Illuminated bankers? Lol, or in arabic al noor bankers

[AngegepeM]

ASAK,

Economic development is currently stimulated with government spending in most of the western countries. In these countries, citizens are hooked to inferior goods on loose credit offered by various banks and CUs. Saving is discouraged by central banks (with ZIRP), so that one either has to increase consumption by buying or by investing in stock market, which has become an indicator of a country's economy.

Apparently, Zero interest rate policy (ZIRP) is in place because of the core inflation (based on basket of goods) being under 2% YOY. Any time an item price starts going up (inflates), the core inflation basket of goods gets modified so that the core inflation stays under control. Therefore, core inflation in US does not have energy and housing as its component, with energy being invariably used by almost everyone (assuming people can rent - rent is a component of the index).

There are many reasons why core inflation and headline inflation are underreported. Firstly all of social program payments (and IRS standard deduction rates) such as SS etc are tied to core inflation, so no yearly increases eventhough the cost of living is going up. Also, employees raises are also tied to inflation so the corporate sector hardly has to pay its employee's any raises. So the money gravitates from middle class to upper class, that pushes more people towards poverty and sustaining on food stamps and government handouts (which is under assault from conservatives - thats another story where rich wants to have more and more).

With middle class already stretched thin using 30-40% of their income towards servicing mortgage (many of which are interest only and option ARM) - for an asset that is decreasing in value, and rising price of energy and food, we will see more defaults and thus more problem for the economy in the future.

Meanwhile, banks and hedge funds are borrowing money from Fed lending window at 0% and putting that money into commodities to make life expensive for everyone on the planet. Along with that, Fed is monitizing debt, so its buying back the debt that treasury is creating (kinda circular logic).

So both in long and short run there will be problems in financial market in western countries.

[Loonakind]

What's the link with Islam?
Wouldn't it be better to have a 'news' section on the forum?