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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (8640)1/10/2008 9:35:23 PM
From: robert b furman  Read Replies (1) | Respond to of 33421
 
Hi Hawk,

An interesting viewpoint on the slicing and dicing of the realestate price decline led collapse of CDO's and SIV's is that we have spread the pain out globally.

It may well be that the recovery is consequently achieved in a quicker time frame and / or with a less harmful collapse.

All of course uncharted waters.

Bob



To: Hawkmoon who wrote (8640)1/11/2008 1:19:04 AM
From: pogohere  Read Replies (2) | Respond to of 33421
 
"Gold is a stupid speculation based upon people's belief that somehow it should back a country's currency."

I have similar misgivings about gold:

Message 24180510

Still, I have been in it since 1999 at US$284/oz and can't complain. When gold is in season and is treated as a currency it pays to respect that. But I admit, there are many things that don't appeal to me for one reason or another in which others have done very well.

The banking sector is struggling, no doubt about that. I doubt that this credit crunch impacts the BRIC countries nearly as much as the G7/8. I understand China in not nearly as dependent on exports as commonly believed.
see: economist.com