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Originally posted by Rockpuck
I don't know about that, it is kind of odd Europe did so well when America was expected to tank.. though I cannot answer as to why that is, I am sure someone here has a logical explanation for exactly why that is.
Welcome to the 2008 Meltdown
Thanks to the proliferation of derivatives and other financially engineered nonsense, we live in an era when everybody in the financial world relies on everybody else. The banking system could be one downgrade away from financial Armageddon, toppling one financial institution after another like dominoes....
The recession, which is likely already happening, will only make all of the above worse. It’s likely to be prolonged and worse than normal, simply because the bubble that sustained the economy over the past several years turned out to be a pyramid scheme that was worse than normal.... Full Text
Originally posted by Realtruth
I have gotten completely out of the stock market in the past 3 years, because of all the lies and corruption, when I find out who the BS'ers and liars are after the cleansing I may get back it, but probably not.
As long as investors always keep this one thing in mind:
"Something is only worth what people are going to pay for it."
Originally posted by Realtruth
Very good post and analysis. The only problem is that the Federal Government cannot bail itself out now because they are broke.
Ask yourself who is the federal government?
How much do they owe?
How much do they continue to spend?
Where does the money come from that the federal government use?
Answer those questions and your will see why the Federal government can do almost nothing and the everyone in the financial world knows this deep down.
Originally posted by cpdaman
The Federal Gov't needs to step in and Bailout or takeover and cover the policy's written by the mortgage insurance company's MBIA and AMBAC . This will provide some certainty to the investors that they will be reimburesed somewhat for losses.
Excellent report from Eric Sprott today. If we get a relief rally in the broad indices this week...it will be brief. Same with the short-covering rally in the financials today. There's still a-lot of muck to be revealed & flushed. Like Sprott, I believe the downgrading of monolines will be the next shoe to drop.
I would like to pose a question to our more market savvy posters. why is gold going down right now? is it just a natural short pull back or what?
I thought gold was were the money went in times of trouble and uncertainty. where is all the smart money moving right now?
Oil Falls on Concerns Demand Will Fall
The Federal Reserve's decision Tuesday to slash its benchmark fed funds rates by three-quarters of a percentage point to 3.5 percent appears to have limited the declines in stock and oil prices. But while the Fed is expected to cut rates further next week, many investors remain worried about whether the cuts will stave off recession.
"We shall see how stimulative our current monetary policy is," Rafield said.
Investors are also concerned that high energy prices may be contributing to the economic slowdown. At the pump, gas prices held steady overnight at $3.01 a gallon, according to AAA and the Oil Price Information Service. Prices have mostly fallen lately, but remain more than 85 cents a gallon above year-ago levels.