Are we on the edge of a global housing meltdown or we over the edge already and just waiting for the thud when we hit rock bottom? One telling...
Translating the GS statement from Wall Street BS to Plain English you get: GS has no write offs as we stopped mark-to-model valuation after...
Maybe he is using mark-to-model valuation for CFC :)
Interesting of the $41B today over $23B was Mortgage backed.... this tells me the commercial credit market is on life support. Only one buyer left...
Come on guys $41B when supposedly commercial credit lines are improving. Wall Street bankers are in full panic mode nothing like holding MCDOs...
autos
Fed will take anything....see image....autos are next!
The next question you should ask is the 10% return quaranted risk free :)
Don't speak too soon. Heating oil up 0.85 tonights trading 244.10 wholesale. +0.35% Gold just leapt to 791.30...
cash and place under mattress. money market funds will break dollar e.g. drop below $1 so better to have cash yourself.
The street/market has a bad smell to it.....look under the covers for dead and decaying carcases. Market up on UBS/Citi bad news that subprime...
Forbes 400...damn I'm looking for a top10 placing. Just have to stop paying monthly mortgage like everyone else.
I thought Greenspan was a specialist too. What a pile of $%^ he left. Now he is pointing fingers 5 minutes out of the job.
Thought I better dust this one off. Question is this October going to see the global credit bubble burst for good? Interesting article on...
I'm no economist but aren't there two types of inflation and the outcome is the same. 1: Wage inflation = More money = higher demand =...
There are no safe Banks. Split your deposits over multiple banks to 100k or less to keep FDIC coverage. Remember Barings Bank? Nobody stepped...
I have a theory that days ending with odd numbers are up days and those with even numbers are down days Another theory is a big down day is...
No worries mate...just print them.
Having collected over $400 the last few years anything is possible....wouldn't be surprised to hear that he is a regular botox user...his face...
It looks like the abandon ship call has been made on HMS CFC.
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