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| Economy |
| Sky is falling or Chicken Little in a panic? |
| 2011-08-25 |
| Posted by:Water Modem |
| #8 They're too big to fail, so your assets will be inflated to valuelessness while their liabilities will be deflated away. |
| Posted by: Glenmore 2011-08-25 21:07 |
| #7 #6 - you indeed have a point. But I was thinking of the Bank of America going out of business before the Royal Bank of Scotland, that sort of thing. |
| Posted by: Anguper Hupomosing9418 2011-08-25 19:53 |
| #6 to whom the bad stuff will happen isn't that predictable It's very predictaqble; it will happen to those who have assets but not political connections. |
| Posted by: Glenmore 2011-08-25 19:46 |
| #5 My main point since 2007 is that things will get worse until the mountain of bad debt is discharged. Just when or to whom the bad stuff will happen isn't that predictable. |
| Posted by: Anguper Hupomosing9418 2011-08-25 19:27 |
| #4 Three points: 1) Credit Default Swaps are still being traded. I thought they had been made illegal? 2) The market is saying there is a 1/3 chance of Royal Bank of Scotland defaulting. 3) This could happen in Sept. or Oct. |
| Posted by: Frozen Al 2011-08-25 18:00 |
| #3 Or perhaps some of Heinlein's "bad luck". |
| Posted by: Pollyandrew 2011-08-25 16:18 |
| #2 Pay the piper now or pay him later when the price is even higher. |
| Posted by: Anguper Hupomosing9418 2011-08-25 16:16 |
| #1 I like "crashes" or Yield booms as they should be known. |
| Posted by: Bright Pebbles 2011-08-25 15:50 |