"Berlusconi Says Leaders May Close World's Markets "

[blazespinnaker]

ok ok had to come back to post this

http://www.bloomberg.com/apps/news?p...BWM&refer=home

(Italian Prime Minister) Berlusconi didn't give any details about what kind of rules leaders were looking to change, except to say that leaders are ``talking about a new Bretton Woods.''

"Berlusconi later reversed his comments, saying ``I heard it on the radio'' and that the hypothesis wasn't put forward by any leader or himself."

"Exchanges in Russia and Ukraine were suspended indefinitely. Russia's government will start buying stocks of domestic companies next week to help support prices, Prime Minister Vladimir Putin said. "

"Iceland yesterday suspended equity trading today until Oct. 13 after the government seized Kaupthing hf, the country's biggest bank. "

"U.S. Has No Plan to Close Its Financial Markets ``There are absolutely no plans or discussions to interfere with the functioning of markets in the United States,'' Fratto said in an e-mailed response to a question. Fratto was responding to comments today from Italian Prime Minister Silvio Berlusconi, who said that governments may shut financial markets as the credit freeze pummels stocks and threatens a global recession. Berlusconi later today reversed the comments he made earlier in Naples, saying world leaders are not considering market closures."

[blazespinnaker]

Re: "Berlusconi Says Leaders May Close World's Markets "

"The Bretton Woods Agreements were adopted to rebuild the international economic system after World War II in a hotel in Bretton Woods, New Hampshire. The aim of the agreements was to establish a monetary management system, initially by pegging currencies to gold."

[jimmygu3]

Re: Bloomberg: "Berlusconi Says Leaders May Close World's Markets "

ok ok had to come back to post this

http://www.bloomberg.com/apps/news?p...BWM&refer=home

This is huge. Anybody have hypotheses about what they might come up with and how to be positioned for it?

[metalman]

Re: Bloomberg: "Berlusconi Says Leaders May Close World's Markets "

This is huge. Anybody have hypotheses about what they might come up with and how to be positioned for it?

oh, that will improve confidence. don't these morons understand that the whole problem is that markets can't figure out how to bet against gov't anymore? you can't go short. you can't go long. will they ever just leave the thing alone so it can recover???!! :eek:

[phirang]

Re: "Berlusconi Says Leaders May Close World's Markets "

NWO baby!

Bend over and hold yer breath!

[we_are_toast]

Re: "Berlusconi Says Leaders May Close World's Markets "

I believe Berlusconi about as much as I believe Bush.

[Wild Style]

Re: "Berlusconi Says Leaders May Close World's Markets "

what did EJ say? "It will start to appear that the govt has lost control"

I guess he can check another one off the list of things to come.

[Serge_Tomiko]

Re: "Berlusconi Says Leaders May Close World's Markets "

what did EJ say? "It will start to appear that the govt has lost control"

I guess he can check another one off the list of things to come.

Anyone have a link to that list again? I can't find it.

[D-Mack]

Re: "Berlusconi Says Leaders May Close World's Markets "

"The Bretton Woods Agreements were adopted to rebuild the international economic system after World War II in a hotel in Bretton Woods, New Hampshire. The aim of the agreements was to establish a monetary management system, initially by pegging currencies to gold."

But they were talking about it when FDR was still alive in 1944, and who knows how long they have been planning for it.