View Poll Results: Who will be the next to fall?
Goldman
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Voters: 41. You may not vote on this poll
Who's next?
09-17-2008, 11:19 AM
#23
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Originally Posted by sahtt,Sep 17 2008, 01:59 AM
Out of context you are dead on, but in context compared to its competitors GS is unarguably on their game, at least right now. They were hardcore on the oil trade, I wonder how much conviction they had on that one.
09-17-2008, 03:54 PM
#27
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Originally Posted by vtec9,Sep 17 2008, 03:34 PM
Yup.. looks like WaMu is right behind though.. 2nd place is the first loser. Although in this game, everyone is a loser.
09-18-2008, 09:13 AM
#28
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Thread Starter
Housing prices in So Cal fell 34% y-y, 46% of home sales are in foreclosed properties.
8000 foreclosures in the US every day.
Sort term bonds yield 0%, kiss those money market dividends goodbye.
The treasury issues $250B in debt in the past week, the US credit rating for Gov't bonds falls below France and Germany. More debt, higher interest = higher taxes, MUCH higher.
401K plans, Pension plans, IRAs all fall ~10-30%. 1 million people will lose their jobs in the next 2 years.
I'd say thats about everyone, in the US anyway.
The good news, for me anyway, is that I live in a country rich in oil and gold running a budget surplus for 10 years running with universal health care and a highly regulated but very rich banking system able to cherry pick choice assets from the fire-sale south of the border. Oh, and my taxes are going down because my government is spending tax revenue frugally and efficiently and doesn't need to charge so much.
Three cheers for fiscal discipline! hip hip...
To join dial 1-800-O-Canada
8000 foreclosures in the US every day.
Sort term bonds yield 0%, kiss those money market dividends goodbye.
The treasury issues $250B in debt in the past week, the US credit rating for Gov't bonds falls below France and Germany. More debt, higher interest = higher taxes, MUCH higher.
401K plans, Pension plans, IRAs all fall ~10-30%. 1 million people will lose their jobs in the next 2 years.
I'd say thats about everyone, in the US anyway.
The good news, for me anyway, is that I live in a country rich in oil and gold running a budget surplus for 10 years running with universal health care and a highly regulated but very rich banking system able to cherry pick choice assets from the fire-sale south of the border. Oh, and my taxes are going down because my government is spending tax revenue frugally and efficiently and doesn't need to charge so much.
Three cheers for fiscal discipline! hip hip...
To join dial 1-800-O-Canada
09-18-2008, 09:21 AM
#29
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^^^ I cannot tell if you are being serious or not. But you are living in a dream world if you think this debt crisis will not infect and cripple Canada's economy too.
Andrew
Andrew
