Asian stock markets sharply lower again this morning (Friday Aug 17).

[roamer65]

Source: Bloomberg

Nikkei down 376 points right now, Hang Seng down around 300 points.

Read more: http://www.bloomberg.com/

---

Not looking very good over there this AM.

[Selatius]

1. I never would have thought the collapse of our housing bubble would send worldwide shockwaves

It's after-effects are epic in size.

[Kelvin Mace]

2. The money to finance the bubble

came from China and Japan.

[Purveyor]

4. And they want their money back...now! Also, remember the China threat about pulling

funding for US debt?

Perhaps these 'world financier's' will provide us with a way to end this 'neocon crusade' of war, war and more war.

The Soviet Union was busted over its excessive military expenditures, do not think the same isn't in the works for the USA.

[roamer65]

3. Imagine if Countrywide Financial files for bankruptcy.

:yoiks:

Just about everyone will be running for the doors at that point.

[napi21]

5. They won't. they just pulled $11 billion of their line of credit.

They're not going to be making any money for a long time, but they won't have to declare bankruptcy.

[cliss]

7. Don't be too sure.

I just checked their financials, and they're lookin b-a-d. They have assets, just slightly above their liabilities.

And that's right at this moment. We don't know what's going to happen next month, when 7 million home supposedly will go to foreclosure.

[napi21]

8. I'm sure. It;s not going to happen. They have a long way to go

before they have to face a bankruptcy disaster.

[Speck Tater]

12. "A long way to go..." Like maybe next Wednesday? nt

[napi21]

15. I'm more of an optomist that you. It takes a lot longer than that

for a Co. the financial size of Countrywide to totally fail.

Want to make a small bet?

[Speck Tater]

16. Nah. I'm sure you're right. I'm just a smart-ass. nt

[progressive_realist]

27. Um...Enron? n/t

[Neshanic]

32. I give them to late next week. See link.

11 billion is what Contrywide needs to run for about five days. The Western Savings of our shiny new Century. Check out what the boss is doing with his shares. He's cashing in like a slot machine.

[Double T]

6. Looks like it could be another 'BLACK' Friday.

http://wwfn.com/sample/oscharts.html

[ellaydubya]

10. Live simply!

As my grandfather always would tell me. If you don't, you are going to be in for a big old shock if we go in to a depression. Americans have always wanted it all, but you don't need all that, you only need what you need, and you could be surprised how easy and SIMPLE it can be. We Americans have overindulged for far too long and it was bound to catch up to us (Something else my grandfather believed, and he was a very smart man, and with only an eighth grade education.)

Just a suggestion.

[Double T]

11. Check out my signature line...........

I already adopted your grandfather's wise advice some time ago, I've seen this day coming for awhile. "Live Small and Prosper"

[Speck Tater]

14. Great advice!

I don't know how many stock market crashes I've lived through in my 62 years. I don't know because I never once even NOTICED when the stock market crashed. I live simply, and always have. Four months ago I bought an MP3 player. That was my big purchase for 2007. Not sure what I'll buy me for my 2008 big purchase. Maybe a set of tires for my paid-in-full old economy car.

[onewholaughsatfools]

28. the feds have put 62 billion in the banks to hold up

the feds have put in 62 billion in the banks to hold up this disaster, europe had put in 352 billion and japan has put in over a 100 billion, yet it is still crumbling, this is a BIG deal. Live simple so others can simply live..

[UpInArms]

9. here are the current numbers

HANG SENG	-193.81	-0.91%	20,478.58
NIKKEI 225	-375.02	-2.32%	15,773.47

[Dems4HowardDean]

13. Hang Seng now at -636.22

[Dr.Phool]

18. I was just tuned in to CNBC, for the first time ever, after Colbert.

And they were just chatting about how well everything looked.

I guess that's the last time I tune in.

[nadinbrzezinski]

20. Yep that was a mistake

they are doing peachy,

This mornign they even broke into a fight on CNBC

I have heard words such as bear market, correction (and I pray this is it), and panic... all in oh one sentence by talking heads

They are spooked and we should be spooked too

[Theduckno2]

17. Question: Have Asian institutions and/or governments been intervening?

Or are they letting their markets work this out for themselves? I am aware of U.S. intervention through the Fed and I believe the Europeans have intervened.

This seems to be shaping up to be quite a bumpy ride.

[Davis_X_Machina]

19. Australian and Japanese.....

...central banks, per http://newsvote.bbc.co.uk/mpapps/pagetools/print/news.bbc.co.uk/2/hi/business/6950731.stm">BBC have weighed in....

[Theduckno2]

21. Thanks, I did some reading on the subject at Bloomberg.

I found this in their Breaking News area.


http://www.bloomberg.com/apps/news?pid=20601087&sid=a_pOLx50Esj4&refer=home

I will check out your link next. Any word on other Asian intervention? Thanks again.

[nadinbrzezinski]

22. Ok folks are we watching a freefall?

Not good

Link

http://finance.yahoo.com/intlindices?e=asia

[Dr.Phool]

23. WOW!

It sure looks like it.

[nadinbrzezinski]

24. Hang seng is recovering

hmm I wonder... central bank intervention?

[Dr.Phool]

25. Still bouncing back and forth.

Nik. going in the tank.

[nadinbrzezinski]

26. Yep, just moved

and that WAS the one to watch tonight

Tomorrow will be fun NOT

[nadinbrzezinski]

29. NIK at 830.10 over 5%

and it has gone all the way down to 880

[Jim Warren]

30. Nose dive

http://ichart.finance.yahoo.com/b?s=%5EN225

[nadinbrzezinski]

31. Agreed

hey on the bright side they managed to staunch the bleeding at the Hinseng index

Tomorrow will be fun

On edit,

874.81 and that is 5.42% will we make it to six?

[Dr.Phool]

34. Did they stop trading on the FTSE 100? (European)

Hasn't changed in a couple of hours, Down over 4%.

[Jim Warren]

35. Frankfurt just opened

9:00am there.

[DU GrovelBot]

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