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28 Feb ’12
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KVR said
things are getting dire in venezuelaVenezuela Is Running Out of Beer
The largest beer distributor in Venezuela is beginning to shut down some its breweries, causing widespread frustration in an already resource-strapped country.
Cerveceria Polar, which distributes 80% of Venezuela’s beer, says the lack of barley, hops and other ingredients has forced the shutdown. Other beverages like milk and bottled water have been in short supply for months, but the lack of beer is angering some Venezuelans even more, according to merchants. “People are more freaked out about losing beer than water—it shows how distorted our priorities have become here,” Yefferson Ramirez, a worker at a liquor store, told The Guardian.
that's not good.
You got to keep your population slightly drunk to calm them down
15 Feb ’12
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buying opportunity or think it will drop more?
Stocks plummeted on global-growth fears for a second straight day Friday in a plunge that dragged the Dow industrials into correction territory.
The global market rout pummeled stocks and commodities as fresh evidence emerged that China’s economy is slowing, spooking investors.
The Dow industrials lost 530.94 points, or 3.1%, to close at 16459.75, putting it in correction territory, as defined by a 10% decline from a recent high. The S&P 500 dropped 64.84 points, or 3.2%, to close at 1970.89. The Nasdaq Composite fell 3.5%, or 171.45 points, to 4706.04.
The Dow’s more than 1,000-point drop this week was the largest weekly drop since the week ended Oct. 10, 2008.
21 Feb ’12
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The global instability I think is China testing the yuan. Testing how stable the currency is ahead of announcing it will be backed by Gold. It also was meant to stimulate their exports.
Next announcement day for BRIC is in October I think.
15 Feb ’12
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it's a bloodbath in the markets today
21 Feb ’12
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Yes, it is turning into a bloodbath quickly.
12 Oct ’12
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I have family members who invest heavily; it's getting ugly. Glad I am out of that racket... Let's just say I think my money is too "precious" to "medal" in the stock market. 🙂
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