The economic reality will continue to worsen
Bear
Posts: 18,953 ✭✭✭
Until all the King's horses and all the King's men,
will no longer hold be able to hold Humpty Dumpty
together. The strong will remain, the weak will fail
and times will get worse for working people and
retirees. We will survive, but it may be a very long,
cold winter indeed.
will no longer hold be able to hold Humpty Dumpty
together. The strong will remain, the weak will fail
and times will get worse for working people and
retirees. We will survive, but it may be a very long,
cold winter indeed.
There once was a place called
Camelot
Camelot
0
Comments
roadrunner
What if the strong and the weak fail?
Who's next Morgan Stanley or Goldman Sachs?
Scott
Expect the SEC to reinstitute the short sell rule once again to "protect" the financial houses next week from the very weapons they have used so brilliantly over the past several years.
roadrunner
By do it you mean 1929 all over again?
Scott
JPM doesn't look good on paper but they are probably way too big too fail. They are after all the king of derivatives and the crown jewel in the FED's total end game.
The other thousands of smaller banks around the country aren't in the same hot water as these leviathans. Yeah, they have some mortgage and credit default swaps to wade through but typically that's only a few percent of their total assets. My own bank is a fairly large regional bank and only has around 5% of its total assets in derivatives and swaps. Now having derivatives at 150-300% of your total assets is a different story.
roadrunner
<< <i>Until all the King's horses and all the King's men,
will no longer hold be able to hold Humpty Dumpty
together. The strong will remain, the weak will fail
and times will get worse for working people and
retirees. We will survive, but it may be a very long,
cold winter indeed. >>
Maybe if you changed your name to "Bull", things might get better.
now you have an institution that has survived war, depression and verything else now BK...no bailout, worthless
BofA announces Merrill is absorbed,
what next .....all those Swiss bank accounts "buy" UBS??? (sorta joking)
AIG??? OMG this is very serious
those that have lots of cash on hand will be soaking every drop of financial ruin
RR...you have a lot of faith, more than i
i am sidelining this chaos for some time.
<< <i><<The strong will remain, the weak will fail>>
What if the strong and the weak fail?
Who's next Morgan Stanley or Goldman Sachs?
Scott >>
Why is it either or? How about both?
you will find me hiding out in a warm
cave, eating from my stash of donuts.
Camelot
Ray
You gotta lay off the donuts, how about some venison burgers with lots of onions, cooked with Molson Golden?
Kick ass burger.
Regards,
Scott
<< <i>Guess I'm lucky. I never had any money, so I don't see how I can lose any if there's a meltdown.
Ray >>
from the worldeconomy. This lost money in values, must be reinflated
thru the printing presses. This will cause hyper inflation within 12
months, that will cheapen the value of every dollar, euro, ruble ect, in the hands
of the people. I suppose that inflation is preferable to depression,
but it is only by a matter of a few degrees. What we are facing is a
global economic crises and the outcome looks very scary indeed. I sure wish
I had some beer left in the fridge. I could use a few right now.
Camelot