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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: elpolvo who wrote (120696)	12/4/2007 12:46:19 PM
From: altair19	Respond to of 361688

86 <okay then... take THIS:> Costello is brilliant - I really enjoy the Gnooze. Altair19

To: elpolvo who wrote (120696)	12/4/2007 1:03:48 PM
From: ThirdEye	Respond to of 361688

John Mauldin is a serious, conservative, level-headed market insider. His letter has over a million subscribers. Last week's letter was alarmist, using the strongest language I've ever seen from him about the condition of the world's credit markets. Like this: This current credit crunch has the potential for growing into a full-blown credit crisis, the likes of which we have not seen in the modern world. It is not altogether clear that cutting rates at 25 basis points per meeting is going to do anything to help, if the cost of borrowing does not come down. We are in an entirely different type of crisis than we have ever seen. It is not for certain that the old tools, the fire sprinklers, if you will, will be enough. We may need to adapt to a new, interconnected world. The real problem is not one of credit or even liquidity, but of confidence in the assets you are purchasing. If you cannot trust an AAA-rated piece of paper in a state-run money market fund, you get very concerned about where to put your money. Until the markets start offering investment products with full transparency and real guarantees for the higher-rated tranches, it is going to be difficult to restart the asset-backed security markets. Read more: The Financial Fire Trucks Are Gathering November 30, 2007 By John Mauldin frontlinethoughts.com