Selloff descends into a rout in South Korea with biggest one-day drop since
2008
-
The KOSPI has shed 20% in two trading sessions as excess leverage triggers
margins calls and forced liquidation of positions by retail investors
1 hour ago
Posts
Seed Newsvine
.jpg)
If you think you’ve got it tough living in America, just be glad you’re not going to be in Greece as that nation begins to confront the true reality of austerity.
ReplyDeleteFrom a 15 percent cut in public wages to cigarette and alcohol taxes to Social Security reductions and means testing, the Greek measures will instill pain, necessary though it may be, for years to come.