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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (423649)10/8/2008 7:41:16 AM
From: bentway  Read Replies (3) of 1576184
 
Where earlier rate cuts were an invitation to party harder, I think now they're seen as just an indicator of how screwed we are.

Our GDP is 14 trillion a year, and there are 62 trillion of credit default swaps out there, no one knows exactly who's holding them or what they "secure", but EVERYONE knows there isn't any money behind them now. I just don't see anything that's going to remove that uncertainty, and until it's gone, the market has no bottom.
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