Asian Markets Dive…

According to the WSJ, on fears that the US will experience a recession (perhaps due to the possibility of Ron Paul getting elected president), the major Asian indexes fell anywhere from 4-8%.

Evidently Bush’s stimulus package did not impress. Let’s hope this doesn’t create a circular reaction event (US Markets drop, Asian Markets drop, lather, rinse, repeat). I’m assuming the White House is working on something to help calm the international markets, but at least (I think) he cares about what happens in those markets, unlike Mr. Paul who would rather ignore the rest of the world.

Also glad to see the Journal is up and running even through they didn’t need to print a paper today (Happy Martin Luther King, Jr. Day everyone!).

About the Author

Mr. Smith is the Publisher of The Conservative Reader. He is Partner/Owner of Ambrosia Web Technology as well as a Systems Architect for Wells Fargo. Art hold a degree in Computer Science from Drake University in Des Moines, Iowa, and is a political blogger at the Des Moines Register. Art's views are purely his own and do not necessarily reflect the views of Wells Fargo.

 

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