90 seconds at 9am: Greece slashed to junk; Dow slumps; NZ$ down; Australia shelves its ETS

[MRMILO57]

ONE THING IS FOR SURE......ANY GOVERNMENT THAT MENTIONS 'CLIMATE CHANGE'....ETS....CARBON TAX....SUPER MINING TAX.....will self destruct and it's very clear now, the above mentioned is pure poison!

Rudd always was a dud.

[michaelencarnacion]

Could this eventually affect the US? Or will it just stay in Europe?

[CyberAthletethefirst]

Three words: Money as Debt

Two words Steve Keen.

Good luck with your gambling morons. Good luck with that planet too.

[smokenfly514]

Why would the crisis in Greece affect the global economy so greatly. I lost 3% in my stocks today! Could someone let me know, Im still a beginner

[bthechangeuwanna]

@smokenfly514 Its because many Euro countries are expected to default (look up "PIGS countries"). This is causing fear, as the euro is a big part of the world economy, so your shares go down. You won't want to hear this, but share markets are being manipulated (e.g. see the day in may the dow dropped 10% due to a broker's "finger - yeah right). Get out of shares NOW or you will lose when the depression is admitted to by the USA.

[cybersphere]

This is one of the first results in google news for "Greece Contagion". Well played.

[cybersphere]

Once again, Australia does the sensible thing by abandoning the ETS, while the NZ govt. doggedly pursues a senseless policy that has very little public support.

[fluentread]

tWO YEAR RATE 19 PERCNT ...TAKES ME BACK ...TO THE GOOD OL' DAYS HERE IN nz ...oF COURSE i COULD GET A 20% RETURN ON A PROPERTY IN wELLINGTON sT IN THOSE DAYS ..