You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
The Darkest Storm is About to Descend - You Can't Imagine the Carnage
- Thread starter ByLoSellHi
- Start date
I predict the US govt is going to start printing money like you have never seen before. EVen-more-inflation here we come. Were at 10-11% inflation right now if we use the old 1983 govt formula. You better own something other than cash in the near future.
More to ByLo's question, here's Roubini's take on it
"If Lehman collapses expect a run on all of the other broker dealers and the collapse of the shadow banking system"
http://www.rgemonitor.com/blog/roub...and_the_collapse_of_the_shadow_banking_system
Of course there's others take on it.
"If Lehman collapses expect a run on all of the other broker dealers and the collapse of the shadow banking system"
http://www.rgemonitor.com/blog/roub...and_the_collapse_of_the_shadow_banking_system
Of course there's others take on it.
Quote from traderdragon2:
I predict the US govt is going to start printing money like you have never seen before. EVen-more-inflation here we come. Were at 10-11% inflation right now if we use the old 1983 govt formula. You better own something other than cash in the near future.
Aside from gold, which there's a lot of uncertainty about, what do you recommend?
Real estate, bonds, many currencies, equities, commodities - all getting the smackdown (palladium crashed recently).
Quote from ByLoSellHi:
Aside from gold, which there's a lot of uncertainty about, what do you recommend?
Real estate, bonds, many currencies, equities, commodities - all getting the smackdown (palladium crashed recently).
Thats the difficult question of the day isnt it? Maybe real estate in areas that were least affected by the bubble with strong micro-economies?
Haven't all doomsday predictions been wrong. Just because Lehman fails, it doesn't mean that all of the other firms will fail. This isn't the "communist domino effect." While companies invested with Lehman will suffer, this is the cost of doing business in a capitalist society. There will always be losers.
Lehman's business will go to another firm...big deal. And all the "investors" lost money.... it happens!
Lehman's business will go to another firm...big deal. And all the "investors" lost money.... it happens!
Quote from ByLoSellHi:
I just got a massive dose of truth from the people who are closest to ground zero of this catastrophe. They are not bullshitters, and this meeting was the culmination of them telling me these things for months, but now in exasperated tones.
[/B]
Telling you for months? These guys are late stage players in the game. There were plenty of people out there warning of this 3 years ago.
If anyone's looking to make a killing buying high quality stocks at cheap prices, you're going to have to wait until the stock markets actually crash.
10:33 S&P bank spread widens to 477 bps, another 5-year high
Standard & Poor's U.S. investment-grade composite credit spread tightened to 294 basis points (bps) yesterday from 311 bps on Monday, after some of the weekend's dust has begun to settle. Financial institutions also tightened to 372 bps from 387 bps. However, banks widened to 477 bps, 5 bps wider than Monday's figure and another five-year record. With continued pressure on financial institutions and banks, the investment-grade credit spread is expected to remain range-bound at present high levels, but it may see strong volatility in upcoming weeks as yesterday's events continue to unfold. After Monday's blow out, Standard & Poor's speculative-grade spread continued to widen, albeit by a much smaller margin, to 843 bps, another five-year high. The speculative-grade credit spread is poised for continued volatility, commensurate with an escalation in speculative-grade defaults over the course of this year.
Standard & Poor's U.S. investment-grade composite credit spread tightened to 294 basis points (bps) yesterday from 311 bps on Monday, after some of the weekend's dust has begun to settle. Financial institutions also tightened to 372 bps from 387 bps. However, banks widened to 477 bps, 5 bps wider than Monday's figure and another five-year record. With continued pressure on financial institutions and banks, the investment-grade credit spread is expected to remain range-bound at present high levels, but it may see strong volatility in upcoming weeks as yesterday's events continue to unfold. After Monday's blow out, Standard & Poor's speculative-grade spread continued to widen, albeit by a much smaller margin, to 843 bps, another five-year high. The speculative-grade credit spread is poised for continued volatility, commensurate with an escalation in speculative-grade defaults over the course of this year.