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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (70367)	9/15/2008 11:04:35 AM
From: Riskmgmt	Read Replies (1) \| Respond to of 74559

MQ: No not D-day not even close, as Churchill put it: Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning." This is the chapter called the big unwinding. Lehman which listed more than $613 billion of debt Bloomberg. AIG seeks $40 Billion from FED. 10 banks putting up 70 billion for a "liquidity" (bail out) fund. Freddie Fannie bailout an estimated 420 billion to 1.1 trillion money.cnn.com Let us put things into perspective, remember this headline in 1993? I.B.M. Posts $5.46 Billion Loss for 4th Quarter; 1992's Deficit Is Biggest in U.S. Business (History) By STEVE LOHR Published: January 20, 1993 The International Business Machines Corporation reported a record $5.46 billion loss for the fourth quarter yesterday and offered little optimism that its business would improve anytime soon. The size of the computer giant's losses were striking, with the deficit of $4.97 billion for all of 1992 the biggest annual loss in American corporate history. In 15 years we have gone from 5 1/2 billion being the Biggest in US corporate history to it being chump change. Even given that Americans define a Trillion as a number with 12 zeros (not 18 as in the UK) it is still a mild boggling amount of money and it is going to take more time than most people realize before we get close to the end. IMO.