Thursday, March 27, 2008

Black wednesday


Dear Readers,

In British politics and economics, Black Wednesday refers to 16 September 1992 when the Conservative government was forced to withdraw the pound from the European Exchange Rate Mechanism (ERM) due to pressure by currency speculators—most notably George Soros who made over US$1 billion from this speculation. In 1997 the UK Treasury estimated the cost of Black Wednesday at £3.4 billion. If u see the Indian Stock market, You can find the black monday or black friday. The reason is only the crashing of market. Aprart from stock market and currency speculation I want to add something and that is "Liferupt". 25th march2008, wednesday, when someone become Liferupt. I can't explain in broader sense. Everything was finishedoff and the rest is history...........................................................................................

1 comment:

Kumar said...

history cant be changed my frnd but making history again which never will be black the brightest of allllland believe me it will be the fun....