Asian stocks in sharp decline taking clue from Wall Street – world races towards depression and hyperinflation
Kartik Punaskar
Jan. 15, 2008

Asian stocks are in deep decline. The Nikkei is down more than 2%. Commonwealth Bank of Australia and Mizuho Financial Group Inc. led declines by banks after Citigroup Inc. reported a record loss.

Singapore's Straits Times Index sank to a five-month low. The Kospi index fell 1.8 percent in Seoul after South Korean department store sales declined for the first time in seven months. Australia's S&P/ASX 200 Index lost 2.5 percent, as consumer confidence in the country fell in January by the most in 14 months.

It is clear that world’s two largest economies US and Japan is racing towards depression and dragging the rest of the world into the same.

The biggest interesting thing happening in the background that no one is watching is sectors of hyperinflation confirmed by skyrocketing oil and gold price. The global hyperinflation is happening in the area of commodities. The falling dollar is the culprit. The sectors of hyperinflation make it almost impossible for central banks to pull the economies out of depression or recession.

Asian stocks in sharp decline taking clue from Wall Street – world races towards depression and hyperinflation
Kartik Punaskar
The global hyperinflation is happening in the area of commodities. The falling dollar is the culprit. The sectors of hyperinflation make it almost impossible for central banks to pull the economies out of depression or recession.
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