Yes, mass hysteria extended its vice like grip across global equity and commodity markets this past week, leaving no country immune from its consequences. 

Most European and Asia pacific indexes collapsed 20% or more and the Dow finished the week down 18.1%. Some countries like Brazil closed their stock market, others just stared in disbelief at the sea of red ink streaming across the screen on channels like Bloomberg indicating negative trading data..

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Over 400 points drop in the last twenty minutes of trading…..

This despite yesterdays coordinated global interest rate cuts…..

With an almost record low fed interest rate of 1.5%, it has never been cheaper to borrow money. Here’s the problem – no one’s lending!!

After market trading continues the downward trend, the DOW dropping below 8600, a fall of over 671 points!!!!

When will the nightmare end??!!

Think about it. Five days after 9/11, America is still in deep shock, still no way near come to terms with the awful nakedness of evil unleashed on their shores.

Families huddle together, widows and orphans weep silently and one reverends’ voice speaks out loud with a sense of purpose and a message that would come home to roost on Obama’s election campaign seven years later…..

The dark clouds hanging over Obamas choice of confidant, reverand and church where he was a member for 20 years leave Obama with the following mathmatical dilemma…….. (more…)

I really did fall asleep during the presidential debate which was supposed to have a town hall atmosphere where the tension would crackle and finally both candidates would cut the double talk and hold a no holds barred debate answering the questions that were put to them.

Instead most of the questions posed to them were given glib responses and the majority of the time alloted to each candidate was spent throwing accusations at each others voting record…… (more…)

The Vix index – a measure of volitility on the markets – read fear and panic, passes the 50 point mark – the largest number since the index was introduced 18 years ago.

And there is good reason for this, never before has the world seen a global DEPRESSION, global bank bailouts and  global credit freezes. (more…)