WB & Fortis Go Down: Bill Alleged to Be Near: Why Are Futures Tanking?

[pod11432]

Quote from point&click:

GBP is making dollars look attractive.The UK is totally screwed too,with every component of every UK housing related figure being a disaster.

With rate cuts looking like a necessity while the US is forming a bailout plan,amazingly it seems people would rather hold USDs than GBPs.

Then thank God its the year 2008 and not the 1800's; otherwise UK would have started to colonize other nations to solve their problems back home. :eek:

 

[point&click]

Quote from pod11432:

Then thank God its the year 2008 and not the 1800's; otherwise UK would have started to colonize other nations to solve their problems back home. :eek:

Nothing can solve these sorts of problems:

http://news.sky.com/skynews/Home/Bu...5109134_Mortgage_Lending_At_New_Low_In_August

The figures are truly catastrophic.Mortgage lending plunged by 95% from the MONTH before.In July,net lending was £3bn.In August it was £143m.

It's just an incredible situation everywhere.

German lender Hypo Real Estate plunges 75%.Even ICELAND has their first banking nationalisation of the current crisis,their govt. stepped in to take control of their third largest bank,Glitnir.

Worldwide meltdown.

 

[random flyer]

dollar strength is for flight into treasuries i would guess plus poor growth outlook for non dollar....aussie looks very vunerable

 

[ByLoSellHi]

I love corrections. They're not pleasant, and cause discomfort, but are needed.

Great long-term investment opportunities.

Tomorrow we will bleed - redemptions on Hedge Funds.