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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Bank Holding Company who wrote (166004)	11/21/2008 10:18:57 AM
From: butschi2	Respond to of 306849

"If prime brokers go bk and the derivative monster plays out we are all screwed...." Systemic problems or cardiac arest of the complete financial system. C trades like BK and if the GOV doesnt steep in soon it gets selffullfilling. - Bear - WaMu - Lehman - GS as the weakest fail the next weakest gets the target and because of bad balance sheets through mortgages from the past and more losses from the depression in the future, it gets dangerously ugly. I pulled my money from IB (Citibank as reference bank). The government will step in until its resources are exhausted or the debt size gets unbearable. Some countries have already reached it with above 100% Debt to GDP - Italy - Greece - Japan if they would have to pay true interests. And even Germany / US have lived a long time at historically low bond yields, if the yields get to 10% sooner or later it gets unsustainable. But beforehand we may get a depression and inflation due to unsustainable gov spending a few years later.