{"id":275174,"date":"2010-02-04T05:10:38","date_gmt":"2010-02-04T10:10:38","guid":{"rendered":"http:\/\/www.businessinsider.com\/asian-markets-tumble-dollar-rallies-on-global-jitters-and-flights-to-safety-2010-2"},"modified":"2010-02-04T05:10:38","modified_gmt":"2010-02-04T10:10:38","slug":"asian-markets-tumble-dollar-rallies-on-global-jitters-and-flights-to-safety","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/275174","title":{"rendered":"Asian Markets Tumble, Dollar Rallies On Global Jitters And Flights To Safety"},"content":{"rendered":"<p>It all keeps coming back to this chart from Morgan Stanley:<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b13c89600000000003c3ce5\/crisis-government-banking.png\" border=\"0\" alt=\"crisis government banking\" \/><\/p>\n<p>Unless this time it&#8217;s different, we&#8217;re bound to have a period of sovereign debt crises, and indeed, that seems to be the only big macro story folks are intersted in (that, and China&#8217;s bubble).<\/p>\n<p>Once again, the chatter overnight is about Greece, Portugal, California, and the rest of the fiscal bad boys.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aIW6aB77Dako&amp;pos=5\">A key member of the Bank of Japan<\/a> even invoked Greece in warning about his own country.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=afWoguNp2HwM&amp;pos=3\">Asian markets<\/a> generally slide overnight, while the dollar strengthened, which is classic flight-to-safety behavior.<\/p>\n<p>S&amp;P futures are heading south, as well:<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b6a9cae000000000038e8a8\/chart.png\" border=\"0\" alt=\"chart\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/asian-markets-tumble-dollar-rallies-on-global-jitters-and-flights-to-safety-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/what-bill-gross-really-thinks-the-us-economy-is-screwed-2010-2\">What Bill Gross Really Thinks: The US Economy Is Screwed<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/euro-breaks-above-140-as-markets-expect-europe-will-back-greece-2010-2\">Euro Breaks Above $1.40 As Markets Expect Resounding European Approval For Greece&#8217;s Budget<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/el-erian-the-market-is-way-too-complacent-here-comes-another-big-leg-down-for-stocks-2010-2\">El-Erian: The Market Is WAY Too Complacent, Persistent Unemployment Will Cause Everything To Come Unglued<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/uMwQTSyz0ao\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It all keeps coming back to this chart from Morgan Stanley: Unless this time it&#8217;s different, we&#8217;re bound to have a period of sovereign debt crises, and indeed, that seems to be the only big macro story folks are intersted in (that, and China&#8217;s bubble). Once again, the chatter overnight is about Greece, Portugal, California, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-275174","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/275174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=275174"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/275174\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=275174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=275174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=275174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}