Tipping Point Alert, a free service of Taipan Publishing Group

  • Member Login

    If you have difficulty logging in, please contact our membership department at 888-811-9492, Monday - Friday between 9:00am and 5:00pm or email us.

    Taipan Publishing Group Premium Services are updated regularly with material from our diverse selection of financial research services. Please see our homepage for more information. Thank you.

  • Search

We Value Your Privacy!

Financial Mayhem in US Barely Grazes Europe

E-mail Print
Here in Vienna, the only english channel I get is CNN, and I can't tell you how shocked I was yesterday hearing how the Dow plunged more than 500 points on news that Lehman Brothers is no more. Asian markets fell just as hard, and investors everywhere are panicking. Here in Europe, though, markets aren't reacting as sharply today, though still red for the second day straight. The biggest economies with the most ties to US markets, like Germany, the UK, and yes, Austria. Also, Norway is getting hit hard, because oil prices are dropping quickly as fears of depressed demand keep prices below $100. What really has me worried, though, is the US dollar. Especially since I'm still here in Vienna. This, of course, has commodity-price ramifications as well. The Fed is meeting once again, and we're in the "perfect storm" that may have Bernanke - who looked like he was on some really good drugs today - cutting rates to try and stop the bleeding. That's great, folks... Let's try to print our way out of this yet again and put more of the burden on taxpayers after we've pretty much assumed responsibility to pay for Fannie Mae and Freddie Mac. I guess I'm a little miffed cause everything is going to cost me more here... at least in Vienna. Once I get to the Czech Republic, Slovakia, Poland and Hungary, I'll be doing a little better. So far that is. We'll see how the currencies move today. I'll be crossing into the Czech Republic today, heading for the picturesque Cesky Krumlov and then on to Prague. I'll chat with you then, and let you know how much my dinner cost!
Hits: 70
Comments (0)Add Comment

Write comment
smaller | bigger

busy
 
Image: Facebook Icon   Image: Twitter Icon  Image: Yahoo! Icon  Image: Delicious Icon

Latest Comments

Investment Glossary

  • Liquid Assets:
    An asset from an established market that is easily transferable. It can be converted to cash quickly with minimal impact to the price received. Liquid assets include stocks, foreign exchange markets and government bonds....
Follow Taipan_Trader

Financial Facts

  • Did you know? 86.3% of all FOREX traders trade the US Dollar.

Testimonials

"Thank you VERY MUCH for your prompt, courteous and helpful response. I have enjoyed working with WOW; so far my annualized return on closed positions is upwards of 500%. I have told others about your service as well. With some luck, they'll sign on, too."

Craig H., WOW reader

"Just plain and simple. Excellent! Thank you very much"

Steve, Taipan Daily reader

Read more testimonials

3 Best Technology Stock Picks for 2010

Check out three technology sectors — each of which is growing for different reasons. And together, the companies we'll tell you about make up the best technology stock picks today.

Stock Market Watch

1 DOW 10,723.20
-55.93 (-0.52%)    
2 S&P 1,159.10
-6.72 (-0.58%)    
3 NASDAQ 2,370.59
-20.69 (-0.87%)    

Customer Service

Do you have questions about membership, subscriptions or services?

Our customer service and membership department are available for you by phone at 888-811-9492, Monday - Friday between 9:00am and 5:00pm or email us right now.