SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: surelockhomes who wrote (8654)3/21/2008 12:39:26 PM
From: bullbud  Respond to of 50673
 
sure- True, and that also means he's not buying the DOW stuff for the very same reasons. The point is, people are calling for a top because of a "bubble." Bubbles ALWAYS burst when the general public dives in = this "bubble" has a long way to go. Probably when housing finally turns = economy turns = savings up for Joe = he buys in = a blow off top. That's years away. Meantime the smart money will keep accumulating. That's my story and I'm stickin' to it.



To: surelockhomes who wrote (8654)3/21/2008 5:03:45 PM
From: Auminer  Respond to of 50673
 
sorry, wrong forum eom



To: surelockhomes who wrote (8654)3/21/2008 5:13:44 PM
From: Fiscally Conservative  Respond to of 50673
 
When they(the Fed aka the Boyz) start cutting rates as fast as they are now,and have before,they are availing easy credit,dollars,to the market which in turn avails that easy money to the retail(consumer). The last time they did this the bubble created was in real estate. Where,oh,where will the next bubble be? Granted this will NOT happen over night. It will take a couple of years. We have much to do to alleviate the debt derivatives created with the last insane financing easements. To think what will take place this time...,oh the possibilities!



To: surelockhomes who wrote (8654)3/21/2008 7:25:18 PM
From: NOW  Respond to of 50673
 
precisely, joe is selling his gold now. i suppose you think he can call a top precisely too.



To: surelockhomes who wrote (8654)3/23/2008 11:15:28 AM
From: Cactus Jack  Read Replies (1) | Respond to of 50673
 
Rogers is the Howard Ruff of the '70s and will likely end the same way

Rogers has an extensive track record. What part of that track record supports or leads you to your conclusion?

jpg



To: surelockhomes who wrote (8654)3/24/2008 7:52:46 PM
From: maceng2  Read Replies (1) | Respond to of 50673
 
In the UK J6P news today.

Gordon Brown's £300bn banking debt fear

mirror.co.uk

=====================================================

Gordon Brown's £300bn banking debt fear
By Bob Roberts 24/03/2008
Related Articles
More Top Stories
What are you talking about? Get published
News picturesBanks worldwide could be as much as £295billion in debt, Gordon Brown will warn this week.

In a joint meeting with French President Nicolas Sarkozy, the Prime Minister will admit they are getting "increasingly concerned" about the world economy.

And the pair will say the black hole of debt, causing the potentially explosive credit crunch, could be far worse than expected.

It means more banks will be plunged into difficulty because they cannot get money to keep afloat. Savings could be threatened.

Advertisement
Businesses and families will also find it more difficult to get loans and mortgages. And it will mean firms closing, unemployment rising and property prices falling.

Downing Street yesterday said the economy would top the agenda at this week's Anglo-French summit.

A spokesman said: "They will call for greater transparency in financial markets. They will call for full and immediate disclosure of the scale of write-offs by banks.

"They are increasingly concerned that confidence in financial markets is being affected by uncertainty over the scale of bad debts on banks' books with some estimates putting this at £295billion."

Mr Brown believes because the bank debts are undisclosed the lack of knowledge is having a "destabilising" effect on the world economy.

He wants banks to be more open rather than have bad news come out in a "piecemeal fashion".

Meanwhile, in a major speech Tory leader David Cameron warns the cost of living is on the rise. He will claim the Budget meant an extra £110 of taxes a year for a family.