a link to the data and the methodology would be nice, not sure if this chart is really kasherOriginally Posted by Spin
a link to the data and the methodology would be nice, not sure if this chart is really kasherOriginally Posted by Spin
What assets??? Oh, you mean the CDO's they all invested in and have since turned to vapor...
If Germany doesn't ratify the bailout plan today, watch for Armageddon in the markets... Similar to yesterday's fiasco at 2:45pm EDT when the market dropped 1000 points in minutes...
In for a penny, in for a pound... I rolled the dice last night and bought GS at $141.35...
Give a man a match, and he'll be warm for a minute, but set him on fire, and he'll be warm for the rest of his life.
Question Time ,, a talk show with Janet Street-Porter along with four other politicains ,,said that the UK has debts of one trillion pounds.
Kosher? I don't have a link sorry, all I know is that when I read a report that comes from a paid-for subscription service, whey they quote numbers they always mention the "BIS" Bank for International Settlements as a source.Originally Posted by Butterfly
Most news items parrot their numbers for their news releases, for example,
"According to estimates from the Bank of International Settlements, Greece owes French banks $75.5 billion (€55.3 billion), Swiss banks $64 billion and German banks $43.2 billion. In total, Greece owes foreign financial institutions $302.6 billion."
Source
Here's another example
The BIS is like a "central bank" for central banks, but they could be lying bastards for all we know!
Sadly, I think you're right here.Originally Posted by Muadib
Steel balls!!!!, I might grab some more for my thread, a few daytrades might put me back in the black.Originally Posted by Muadib
Another end of the world type scenario.
I'm still waiting for the credit card bubble to burst. Or the Dollar to collapse. Or for China to meltdown...or.....or.....(just how many have there been lately?).
Now is this a really going to happen meltdown or yet another bogus, hyped rumour that a bunch of financial asswipes are going to make a killing out of by hedging against various things? Does anyone truly believe the eurozone is going to fall to pieces and dramatically affect the global economy?
Just asking, as I'm not a financial guru and I'm also sick of these alarmist pieces that end up being nothing but crap. Cheers!
"Slavery is the daughter of darkness; an ignorant people is the blind instrument of its own destruction; ambition and intrigue take advantage of the credulity and inexperience of men who have no political, economic or civil knowledge. They mistake pure illusion for reality, license for freedom, treason for patriotism, vengeance for justice."-Simón Bolívar
^ I liquidated my position in GS this morning at $145.80... Ka-Ching...
Looks like the Euro is slowly creeping upwards again, probably to early to say if it will continue, bad financial news from the Euro zone could see it tumble downwards again.
But politicians in the Eurozone seems hell-bent on not letting the Euro fail, so my guess is that it will be around for a long time to come, Economic analysts in Denmark are guessing that Denmark will join the Euro in 5 to 10 years, so also in parts of the financial sector they believe in the survival of the Euro long term.
So capitalism works then.
It has in the part of the world I come from all through my lifetime, but nothing lasts forever, and I'm sure the experience has not been equally so positive in many other places.
Never the less I will be OK with us all avoiding to have to live through a total economic meltdown, but we are by no means out of the woods yet.
it's gonna be slowly downhill for many years to come .
some are saying at least 10years.
we just had the good ole days.
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