
Today marks the 13th week of Achilles/Beatrice's creation.
Here's how he or she would look like inside Darleng
Achilles is just a warrior, a just warrior, a warrior for justice, he is. Achilles son of Alexander son of Philip.
HONG KONG: World markets resumed their slide on Monday, with Japan's Nikkei stock index falling to a 26-year low, as government rescue measures failed to ease fears of a prolonged global recession.
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Looks like the prophecy of some wise men last year (2007) made during a dinner is slowly but surely coming true. It was then the peak of everything, oil price at record high, commodities such as palm oil at record high, tin, gold and whatever metal are all at record high. Of course the stock market was at record high too together with extended credits on loans and house prices were then at record high.
What followed as we now have in every economic literature, was the Great Depression. The wise men prophesied the coming of another great depression, given the identical symptoms and similar causes for the high prices.... a bubble, a big big bubble that got bigger than a layman could ever imagine.
Bear Sterns was the start of what we have now. Will be have World Depression II? We had the Great War during the 1910s. The 2nd great war was named World War II and the Great War renamed World War I. The coming of another great depression seems imminent but those in authority seems quite concerted in moving towards preventing the collapse (judging from the learnt experience from the other depression). If that happens, will we have World Depression II and rename the Great Depression as World Depression I? I certainly hope such would not materialise.
The world didn't learn from the Great War and that lead to the 2nd great war. Hope is all we have. Consumers' confidence is utmost required to save the world, not the trillions of 'printed money' churned out by the governments. The more they print and pump into the system, the worse it will be.
TOKYO: Asian stock markets opened lower Thursday in the wake of the lower closing in New York, Europe, Latin America and elsewhere overnight.
Japan's key stock index has plunged more than 7 percent in early trade on worries over weak corporate earnings.
The benchmark Nikkei 225 stock average dropped 658.08 points, or 7.59 percent, to 8,016.61 as of 9:55 am (0055 GMT) on Thursday.
The Japanese index extended losses after tumbling almost 7 percent Wednesday as investors dumped shares on growing pessimism over corporate earnings and fears over a slump in the global economy.
Sentiment in Tokyo was also sluggish in line with a 5.69-percent loss on Wall Street on Wednesday amid worries that the global economy is poised to weaken.
In Kuala Lumpur the benchmark Composite Index was 1.6% lower fifteen minutes after opening at 889.85 points down 14.43 points.
Losers led gainers 183 to 33 and 48 counters were unchanged. Volume was 259574 lots.