Quote:
Originally Posted by panerd
I don't think you really understand the global economy. I will give you the Greek thing has been going on for months and it sounds very sketchy as an explanation for today's mess but to equate what is happening in Greece to LT is absent of any economic insight whatsoever. The Greek/EU thing is a BIG deal that could still have a major impact on the United States. If you don't think the US is a big player via the federal reserve/IMF in international finance (especailly in Europe)...
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It was mostly a joke, but no, I still don't think the Greek bailout alone can have a greater impact in 10 minutes on the DJ than the all of the bailouts here combined. It just seems odd that all the news organizations are pointing to that as the obvious reason for this otherwise seemingly random Thursday 3PM collapse.