Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (16469)	1/20/2009 7:43:26 AM
From: maceng2	Read Replies (1) \| Respond to of 71454

i think the usa housing bubble was just as bad or worse then uk. The uk lost manufacturing but had "the city". Fortunately that stoopid concept is being flushed down to where it needs to go. Hopefully Brown and his DH banker buddies go to the same place soon. We still have a little oil and can learn to be a real economy once again. Expect usd to top this week.

To: Real Man who wrote (16469)	1/20/2009 12:12:36 PM
From: RockyBalboa	Respond to of 71454

Looks like every UK bank deflated three quarters overnight. That moved it (and that the Finance ministry converted billions of preferreds into common at 30p two days ago. It trades now at 10p). Check out LYG, BCS, etc...

To: Real Man who wrote (16469)	1/20/2009 6:58:25 PM
From: RockyBalboa	Respond to of 71454

Yes, after all, people says so: ukhousebubble.blogspot.com Monday, 19 January 2009 Today was a big day Today was an historic moment. The RBS and its barely comprehensible loss signaled the end of an era. The days when finance was the engine of the UK economy are definitively over. The UK banking sector has become the 21st century equivalent of coal mining; over-staffed, over-paid, and profoundly unproductive. When the RBS announced that loss, it shot a fatal arrow straight into the heart of the UK banking sector. This loss is equivalent to 2 percent of GDP. Think about that; one bank in just one year lost 2 percent of national income. Moreover, the bank's balance sheet is almost as large as the UK GDP. This is a bloated and obese behemoth. It can not survive in its present distorted condition. Everyone knows it and that is why the share price collapsed. What is true of the RBS is also true of all UK banks. They are too big; they employ too many people and their funding model is unsustainable. No amount of government intervention can negate that reality. ...