Humpty Dumpty sat on a Wall (street)

Humpty Dumpty sat on a wall.

Humpty Dumpty had a great fall.

All the king’s horses and all the king’s men

Couldn’t put Humpty together again.

Well, am talking about the Humpty Dumpties who sat on Wall Street and having a great fall. All the desperate federal resurrection plans, painful bailouts and the king Uncle Sam’s efforts seems to be going down the drain and could not put the Humpty Dumpty back together!

So how is the impact of Humpty Dumpty’s great fall?!!

On 10 October, 2008:

Markets across Asia, Europe has been battered and dusts all over…

BSE is down to 10,527,

Dow Down to 8,579,

FTSE 100 fell more 20 percent to 3,932,

The Nikkei plunged 24 percent to 8,276, double its one-week loss in the 1987 crash.

The Sao Paulo stock exchange index fell 20 percent.

Hang Seng fell 7.3% yesterday

Sydney index closed 8.3% lower

Thai index was suspended after hitting circuit breaker 10% low

Germany’s DAX was down 7%

 The Wall Street perhaps is the biggest wall than the Chinese wall! The length of impact spreads across the globe much bigger than the Chinese wall which runs through the Chinese vast land.

The impact is total. Humpty Dumpty fall from wall is gathering dust in bourses globally. What a fall it has been! The kings and ministers in various financial kingdoms across the globe are worried lot. Clueless, desperate, worried lot. While the common men are in disbelief and shocked seeing their investments getting wiped out every single day. It may take many a months possibly a year to bring back Humpty Dumpty standing up again. Lets all embrace for the turbulent times ahead… The great fall is for real and the pull back will also be real but the need for hour is wise planning and patience , shrewd moves from all King’s men across the globe.

Lakshmi Rajan

He is the lead man of GingerChai and plays the multi role of chief author, editor, business development and also of a chaiwala! (Tea maker!) He is the master brewer at Ginger Chai.Follow @Lakshmirajan

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This entry was posted on October 11, 2008 at 3:37 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.