Howdy, Stranger!
It looks like you're new here. If you want to get involved, click one of these buttons!
Quick Links
Lehman files for bankruptcy.
Waterlily
Member UncommonPosts: 3,105
It looks like you're new here. If you want to get involved, click one of these buttons!
Waterlily
Member UncommonPosts: 3,105
Comments
SKF ftw.
looks like AIG is following close behind
http://www.foxbusiness.com/story/markets/industries/finance/aig-keeps-silent-restructuring-stock-plummets/
People who have to create conspiracy and hate threads to further a cause lacks in intellectual comprehension of diversity.
The NYFED is having yet another emergency meeting in light of the fact that AIG tanked 65% at one point today. This after 3 days of discussing what to do about Lehman, where Barclays actually walked out, and no deal was ever made to save Lehman. The DOW started the day off either 300 or 400 points down today, and the show isn't over yet.
___________________
Sadly, I see storm clouds on the horizon. A faint stench of Vanguard is in the air.-Kien
http://www.penny-arcade.com/comic/2006/12/13/
Dow closed 500 points down. Shit.
People who have to create conspiracy and hate threads to further a cause lacks in intellectual comprehension of diversity.
Kenneth Rogoff sums it up nicely.
www.spiegel.de/international/business/0,1518,578308,00.html
Kenneth Rogoff: It’s the worst financial crisis since World War II — there’s really no hyperbole anymore. At the same time, it had to happen. The US financial system was bloated and overgrown and reckless to some extent. Now it is being reigned in.
SPIEGEL: What went wrong?
Rogoff: In 2006, the financial sector accounted for a third of corporate profits in the US, although it only represents 2 or 3 percent of total gross domestic product. Goldman Sachs alone distributed $16.5 billion in bonuses to its 26,000 employees. I’m sorry, I think it’s unbelievable. You can’t just make money out of thin air like this, and underlaying this there were enormous risks being taken.
SPIEGEL: What do you think willl happen now?
Rogoff: What we’re seeing is a shrinking industry — perhaps by 20 or 25 percent and in some segments perhaps as much as 50 percent. But these finance products based on fancy rocket science and derivatives just aren’t coming back, and that’s very painful. The industry is not going to make the same profits in the future as it did in the past. And this isn’t just about subprime and mortgage losses. Investors are starting to realize that the profit model these investment banks were running on has been trimmed.
Hell, shit, fire I'm taking a beating.Its like my dad says, son you can't take with you.then i say hell pop just give me my inheritance now then.
Trade in material assumptions for spiritual facts and make permanent progress.
Time to buy some gold and silver.
Better still, lead and cartridges......beats gold and silver every time.
You guys want to hear something scary. The provisions in use to stop another market crash will work, however; they never looked into adding provisions to stop investors from coming back door to crash the markets. If these investors fall then so does the markets even with safe guards. It can still happen says economists.
Imagine if we had another theoretical market crash because of investors failing, what would happen to the good old USA who spends more then they can make. I seriously think they need to fix these leaks quickly before something major spooks the markets, people will go into chaos if something happens beyond a quick repair.
Who let you in the VIP section?
Better still, lead and cartridges......beats gold and silver every time.
Better yet, ink cartridges. So you can start printing your own money pretty soon. LOL JK Btw but damn when i thought about that was funny to me.
Who let you in the VIP section?
Better still, lead and cartridges......beats gold and silver every time.
And don't forget to get some food and fuel while you are at it.
www.cnbc.com/id/26710362
Wilbur Ross: Possibly a Thousand Banks Will Close.
They have had at least 4 days of meetings to fix leaks. I don't think that the real problemd can be fixed or repaired, because a lot of it was actually shady.
___________________
Sadly, I see storm clouds on the horizon. A faint stench of Vanguard is in the air.-Kien
http://www.penny-arcade.com/comic/2006/12/13/
No mate. Time to sell gold and sliver.
Time to buy banks.
Buy low, sell high, not buy high.
Banks are low, Gold is high.
If you want to make a million investing, now is the time. I always keep a good chunk of cash ready for a recession. Opportunities like this only come around once in a decade or so.