Wednesday, February 28, 2007

Help Needed

I'm too busy to read bullshit financial news so I would appreciate if one of Five Rupees' twelve readers could give me a four sentence explanation of what the hell is going on, a three sentence explanation of if and how this is different from the 1997 Asian financial crisis, a three sentence explanation of if and how this is different from the stock market crash of the late 1920s, and a one sentence prescription on whether or not I should begin to hoard bread. For all the random and sometimes useful information I furnish you with, it's the least you people could do.

4 comments:

Silver Naked Lady said...

In 1997 the world markets(particularly in East Asia) dropped by roughly the same number of points as they did yesterday. But these markets are now so much bigger than in percentage terms that means a 3 percent drop as opposed to a 20 per cent drop. Multiply that by 200 and you get what happened in 1928. In the case of the Dow yesterday's correction would have been huge if, as originally reported, it took place within a two-minute time period. Turns out that was a computer glitch; a fact that is more worrisome than the correction itself.

Ahsan said...

so basically, i don't have to begin hoarding bread?

omar said...

hoard canned stuff - lasts longer...

Anonymous said...

Breadsticks, crackers, etc. can be hoarded too.