PALOOKAVILLE FINANCIAL stardate capitulation day+11
yo! blue dollar day so far...innit!...euro anna pahnd...dahn a toilet as "crisis spreads ta europe"...
cablepetey : three colours dolla be a new way o visualisin a wurl's reserve currency...
blue dollas good, red dollas bad, white dollas...watch aht below...!
it all inna handsa a politix...wot yo vote is wot yo get..!
THE DOLLA YA GET BE A DOLLA YA DESERVE...INNIT.!
AS FALLS NIAGARA...
Dow to fall to 7,000, FTSE to 3,300
peterjcooper : Consequences, consequences
..."What we have yet to see are the repercussions in terms of job losses, bankruptcies and consumer spending. It is a vicious downward spiral and when people talk about a recovery in the second half of 2009 you have to ask: why? Surely this fall-out will produce another round of bad debts, write offs at the banks and restricted credit.
So while the $700 billion bailout fills a hole, it does not get us back to business as normal. It is hard to know what would do that, except a long recession and a big shake-out of every business and bank that has not got a rock solid business model.
In this case profits are going to tumble across the board. That means the cheapness of price-to-earnings ratios in global stock markets are a mirage and highly deceptive to value investors. Try inputing a loss rather than a profit on a few stocks and see what kind of a p/e ratio you get!
As George Bush said of the US legislative process this week ‘this is not going to be pretty’. Many former lynch pins of the global economy, like the hedge funds are going to collapse. Nine out of ten hedge funds do not make enough to trigger their profit shares now, and subscribers are bailing out all over the world. .." peter j cooper