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There is enough space in CA for the whole world population to unite and still have enough room to dance.:)

These stories keep popping up on all countries, currencies, continents.... Europe is bankrupt, their banks dwarfing their countries GDP have a 25 trillion black hole.... The US is bankrupt, biggest debtor in the history of the world, have taken on the multi trillion liabilities of AIG...

They are in deep trouble, leverage ratio 60 and to big to be saved by the Dutch government (1.3 trillion balance sheet). I consider them globaly systemic. Curious how this will play out. They have billions of deposits in the US alone.

Wouldnt it be nice to have a topic where you can follow the decline of the DOW against all stock markets of the world?

7,440 VS 7,095 Not seen for quite some time I believe.

I am short trough SRS because I want to protect myself from a deteriorating global economy. I am long gold because I want to protect myself from a deteriorating global economy. I am long gold stocks because I want to protect myself from a deteriorating global economy. I feel so...

Buy gold?

I have read sources claim BAC and C have +6trillion in toxic CDS exposure by themselves. Add a couple of trillion from the rest to that and perhaps the problem is 1) much larger then even perceived by the biggest bears and 2) truly unfixable. Don't know where this puts us as a world but we...

Oh and don't forget: Toxic mortgages.

Technology Pharma Raw materials Entertainment US. Exports to all countries http://www.census.gov/foreign-trade/statistics/product/enduse/exports/index.html

How bout HSBC? Cheers.

Good luck. See you on the other side.:)

In my country (Belgium) we have a positive savingsrate (+10%), no big real estate boom and a trade surplus and still all of our banks are bankrupt cause they loaded up on CDO's and other crap. WTF is that about..:confused:

Didnt bankers rule the world? All they need to do is shout and they get trillions of $ from congress and all of the sudden these banks have to follow rules and listen to the US government? I mean, the Swiss? Really? The UN has his headquarters in Switzerland, Bank for International...

The banks need it not tomorrow but yesterday. It has been said such an arrangement was blocked by a Dutch/German veto but their banks are in just as big pile of shit... Wouldnt suprise me if something like this would be agreed upon as soon as next week.

Any market watchers you do rate highly? Cheers.

No English link (yet) but the story in Holland is the ING chairman is in the US this weekend exploring if ING, that has a large US exposure, might apply for US government aid under the rules set out by the FED and Treasury. ING has a 1.3 $trillion balance sheet, leverage ratio 60 and in my...

How is that? You don't subscribe to the Soros is evil mantra? Also, did you know you can mail Mr Rogers and he replies to most of these mails personaly? Not exactly the acts of an asshole, no? I've been thinking about mailing him but I don't have anything interesting to ask him other...

Capablanca, there are some who would argue yes Friedman adviced they should have increased the money suply during the great depression to stave of liquidity issues back then due to bankruns when what we face today is more a solvancy crisis thus raising the question of moral hazard... Care to...

Is this why Jim Rogers left Quantum?:p Rogers: "let the free market work" Soros: "Governments need to intervene." Rogers: "commodities are not a bubble." Soros: "commodities are a bubble." Rogers: "I'm long airlines." Soros: "I'm short airlines." etc... They must hate...