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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 462.34-1.0%Feb 10 4:00 PM EST

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To: TobagoJack who wrote (40554)9/30/2008 9:01:53 PM
From: carranza21 Recommendation   of 220129
 
Roubini:

...no one trusts even the safest counterparties....

...Treasury plan was completely flawed...the banking system needs to be re-capitalized....

...does nothing to the housing sector, debt reduction is needed...done during Great Depression, worked then...

...why no panel of experts to advise....everything was rushed....

...good thing it was voted down, problem is that new plan will be only slightly changed...same bad result...

...no coherent systematic plan...

...consumer will not consume until debt reduced....plan does not do it...

...beginning of a silent run on banks...total freezing of system...

...sucker rally, recession train has left the station...it will be severe..

stockmania.com
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