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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (44263)12/23/2008 5:43:59 AM
From: Snowshoe  Read Replies (1) | Respond to of 217567
 
LOL, that pile was the find of a lifetime!

My gold hoard is in GLD. So liquid, such low commissions, optionable, and no taxes (in a Roth IRA). I just hope the trustees are more reliable than Madoff.



To: TobagoJack who wrote (44263)12/23/2008 7:12:37 PM
From: elmatador  Respond to of 217567
 
There are about a dozen emerging economies that are on the verge of a potential financial crisis in 2009 including Turkey, New York University Professor Nouriel Roubini, one of the first to warn about the U.S. housing bust, said in an interview with Financial Times on Tuesday.

"There are about a dozen of them that are on the verge of a potential financial crisis: Latvia, Estonia, Lithuania, Hungary, Bulgaria, Romania, Turkey, Ukraine in emerging Europe . . . Pakistan, Indonesia or [South] Korea in Asia," he said.

Roubini says Turkey has potential for financial crisis in 2009

There are about a dozen emerging economies that are on the verge of a potential financial crisis in 2009 including Turkey, New York University Professor Nouriel Roubini, one of the first to warn about the U.S. housing bust, said in an interview with Financial Times on Tuesday.


The year 2009 will be an economic stagnation and recession year for most of the global economy with deflationary pressures and a likely severe global recession, Roubini told FT adding that the return to positive economic growth would not be seen before 2010.



Emerging countries were another source of stress for the global economy, he also said.



"There are about a dozen of them that are on the verge of a potential financial crisis: Latvia, Estonia, Lithuania, Hungary, Bulgaria, Romania, Turkey, Ukraine in emerging Europe . . . Pakistan, Indonesia or [South] Korea in Asia," he said.



Turkey, facing a large financing shortfall in 2009 after the global crisis battered its markets and caused a sharp economic slowdown, had third-quarter economic expansion of 0.5 percent -- below a median forecast of 0.75 percent -- down from the revised growth of 2.3 percent in the second quarter.



The county is expected to sign a stand-by or a precautionary stand-by deal with the International Monetary Fund, whose support helped it recover from a financial crisis in 2001 to record economic growth around 7 percent, before slowing sharply in recent quarters.



"Places like Ecuador that just defaulted. Argentina and Venezuela in Latin America. Some of these countries could get in trouble and there could be contagious effects to other financial markets in other emerging markets," he said adding that this credit loss was going to spread from mortgages to commercial real estate, to credit cards, to auto loans, to leverage loans, to industrial and commercial loans.



Roubini, one of the first to warn about the U.S. housing bust had earlier told that recession in the United States would last 18 to 24 months.



To: TobagoJack who wrote (44263)12/23/2008 8:44:00 PM
From: 49thMIMOMander1 Recommendation  Respond to of 217567
 
Another wet cousin of the T Boone??



en.wikipedia.org

Note, I am not from the Socialisty States of America, of the Glorious BailOuts.

He Boone is mostly smart.

Personally I have always counted additional points for the few ones who wet themselves at the height of a shining city, upon any hill.

PS Much of USA is sometimes, but not normally, fairly smart.

gilbertogil.com.br

PS Running a two-party systems for many, many and hundreds of suns, moons and decades does not promise much, sub-prime-no??



To: TobagoJack who wrote (44263)12/23/2008 10:13:47 PM
From: Snowshoe  Respond to of 217567
 
Better video out now. Listen to the merry clinking of ancient gold coins... ;>)

Gold coins found in Jerusalem
youtube.com

Tourist Uncovers Hidden Gold Treasure in Holy Land!
youtube.com