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Strategies & Market Trends : Waiting for the big Kahuna
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To: Qualified Opinion who wrote (78348)1/2/2008 1:31:21 PM
From: Real Man  Read Replies (2) of 94695
 
Fed's efforts are meaningless in a stagflationary environment.
Oil hit 100 today, gold a new all-time high, beating 1980
record a bit.

Beanks are facing

1) another huge wave of mortgage rates resets this Spring
2) A lot more writedowns.
3) The credit bubble has popped this August.
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