Page 19 - Contagion Effect News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Push sentiment back up with headlines in newspapers or policies. a lot of questions hanging over this a lot of people talking about the bubble and whether the air is coming out now. we'll be watching this closely but it's still again a lot of questions over whether there will be a contagion effect from greece. some analysts a lot of analysts trying to do the assessment saying you might see gdp in asia curtailed somewhat. but a third of a percent according to one report i read. that is a narrow contagion effect but with so much uncertainty it's yet to be seen. >> everybody is in a wait and see ...

That's the big question that could have contagion effect. that could put a dampener on them and stop them from going higher. going to shanghai, down more than 5% right now. last week on friday the composite was down 7.4%. this is the intraday chart. you can see the volatility and now this drop in the last hour or so quite significant. this has been a market that has been peppered with these very volatile trading days. let's look year to date and remind you that the shanghai composite is up more than 30% year to date but in the last month and we had a high earlier in june. we are now on the fir...

Are feeling that -- contagion effect or using it as an excuse to sell. >> the chickens are coming home to roost. greece has been decades in the making and they have had obligations they simply can't bay back. they have had ample opportunities. they had corruption, they hadc%x[ politicians that led them a stray, but greece is not our fight. we will get through greece. the issue is what comes next. and be sure that puerto rico, chicago, illinois, they're watching greece closely because that is our fight. that is off our shore and that is close to home, and that this dive reckoning in this countr...

Position. what's happening now? >> so we are -- we have been told by police that we can stay in this area. i think what happened was there's a big media scrum. there's this kind of contagion effect where there's a bunch of cameras and a bunch of lights and people rush towards it. there was one that pushed up near the front of the line. and i think that has tipped over the police and so now they're flying a police chopper overhead saying all media needs to leave the area. they're telling people to clear the streets earlier before. there was a s.w.a.t. vehicle over the bull horn telling people t...

Standing in between the crowd that's still mill ging about and this phalanx of police trying to keep people away from the police, trying to make sure that nothing happens, even as we have helicopters over above us saying go home, time to go home, but the community is working very hard to try to keep this peaceful, lawrence. >> toure, what is your sense of what the police attitude is where you are? there clearly are some people there in violation 13 minutes into violation of this curfew at this point. >> well, we have to give the police credit at this point. see, now a bottle just came flying a...