Tag Archives: Stock market

Bankruptcy Threatens Planet

10. August 2011.
Ever since last Friday, stock on the Belgrade stock exchange has been dropping by 6% a day on average. The RSD has in just 2 days dropped by over 2%, while the auction of state treasury notes which finance, among other things, the budget deficit, ended by selling merely 2.95% of the state notes. All this despite the fact that the state offered an extremely favorable interest of as much as 14.5%.

The great fall of global stock markets is flowing over into the Balkans after the US credit rating downgrade. Continue reading →

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Not the End of the World, but It Feels Like It

8. August 2011.
"It’s not Armageddon, but feels like it. I assess that Hang Seng could completely plunge below 19.000 points o r a further 5% before we see it recover ", announces a stock market analyst in Hong Kong, Francis Lun.

The Asian stock markets reacted today with a strong fall of stock value to the US credit rating downgrade. Continue reading →

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