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

To: Haim R. Branisteanu who wrote (46397)	2/14/2009 5:55:09 PM
From: elmatador	Respond to of 218637

It sounds extreme because the governments do not want the populaces to know the extent of the damage. Remember, well before the crisis hit- when it was supposed to be the unwinding of the Yen carry trade? It turned out to be the sub-prime crisis. Bush ahnded over a USD500 check and thought Monday morning everything would be normal again. But hang on! How comes the sub-prime can hit so hard and deep as it is hurting? ell, then the talk turned to be banks 'toxic assets'. 'Toxic assets' is a short hand for all speculative investments that have gone sour. OECD governments are trying to to what it was done with the LCTM and are dicovering the rot is deep to the bone marrow. As I have always said here: It is structural is not cyclical.

To: Haim R. Branisteanu who wrote (46397)	2/15/2009 12:19:49 PM
From: elmatador	Respond to of 218637

G7 demands reform of world finance, called on Saturday for urgent reform of global finance to save the world from the economic devastation that is dragging more and more countries into recession. bangkokpost.com That us what I have been saying here: boot the minnows out rearrange the chairs around the table...