<font color=red>End of the World?</font>
Now there's an interesting concept. But that's another thread. From a strictly financial viewpoint, S&P 478 would not be the end of the world. Individually, those that place their complete faith in the stock market and their complete portfolio, well, for some of them, they might view that as the end of "their" world.
Anyway, more from the golden goose:
"layoffs, income for debt service will be next major issue
yes, TimhMan, but it wont be just Wall Street firms
they will get considerable attention and publicity
this is a phenomenon that is spreading like a swine flu
are boy oh boy, are they swine?
Fidelity announced a large layoff
mutual fund shakeups everywhere in the nation
60,000 investment banker layoffs in NYCity recently
large-scale credit offices are in totally disarray
now we will move toward seeing job losses on the bank extremes
traditional banking operations -- lending
and exotic derivative management operations -- oops, we're dead
the big new development has already begun, like to accelerate
that is converting debts of all type into COLLATERAL DEBT OBLIGATIONS
securitizing scads of debt, all types
that way, they can package it all for the naive investors out there who believe "all bonds are safe"
right?
except for mortgage backeds, except for corporate bonds, except for junk bonds
and soon, except for shorterm treasurys
I harken back to a main point made several times now
the co-conspirator for the Tech/Telecom/Dotcom fraud was FINANCE
and now is their turn to complete disintegrate, implode, die
the pace of that finance sector shrinkage will quicken
when Fidelity lays off bigtime, THAT WAS THE TURNING POINT
they were the PARAGON of mutual funds"
AND (disclaimer -- Slider, don't read 2nd sentence of third paragraph):
"Slider puts great summary on the stock, bond, currency markets
Message 18107774
"staircase to hell"
he has such a great finger on the pulse of reality
I just wish someone could teach the guy how to spell
dont tell him I said that
I always attributed pathetic grammar and spelling and math ineptitude and economic financial illiteracy and total history ignorance and nonexistent languages to our bereft edumacational system
but I am concluding Slider only skipped out on spelling class, spending twice as much time in the important classes, eschewing opps behind the school doing drugs or grabbing ass in cloackrooms
could somebody ask Slider how low TENS yield will go???
I am thinking a little lower than 3.5%, maybe 3.3%
possibly, if USdollar quakes dont occur, down to 3.0%
my personal view is that FOREX market will define the TENS low
some big shit coming down the pike in a few weeks
RIGHT AFTER THE MIDTERM ELECTIONS
big ugly nasty stuff -- layoffs, cut spending, reduced props
all the politically risky stuff" |
