Economics question: Dow Jones

[You kip if you want to...]

What the hell is going on with the Dow of late? It's lost 1000 points in about 2 weeks...

[Beet]

[You kip if you want to...]

...ohhhhhh.

[Beet]

As the thread on Spain may be deleted, the summary is that Spain is running at 11.4% deficit as percentage of GDP, and the minority government does not have the votes to pass the cuts that the bond ratings agencies says that it needs to pass. The opposition will call a no confidence vote before joining the government to pass austerity.

[Sam Spade]

Kinda funny that these awareness points always tend to occur in the same spots.

[○∙◄☻¥tπ[╪AV┼cVê└]

As the thread on Spain may be deleted, the summary is that Spain is running at 11.4% deficit as percentage of GDP, and the minority government does not have the votes to pass the cuts that the bond ratings agencies says that it needs to pass. The opposition will call a no confidence vote before joining the government to pass austerity.

For what it's worth, the US has about the same percentage.