Wednesday, October 1, 2008

"Fortress Australia"

that was the headline of the sydney morning herald on september 30th. the new york times yesterday stated that the lack of passage by the House of Representatives in the U.S. Congress didn't have a huge impact on world markets.

this after a british bank failed. after a belgium bank failed. after the news of the vote, russia halted trading. brazil halted trading. when russia re-opened after two hours for 19 seconds, it declined 6.9%. brazil opened after a half hour and its Bovespa index had the largest decline in a decade.

and this island shall remain a fortress? indeed.

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