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  1. #1
    Dante Obscuri is offline Senior Member Community Builder
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    Default Here comes the roller coaster!!!

    Weeee!!!!!




    http://www.economist.com/finance/dis...tures_box_main
    EVEN by the standards of the worst financial crisis for at least a generation, the events of Sunday September 14th and the day before were extraordinary. The weekend began with hopes that a deal could be struck, with or without government backing, to save Lehman Brothers, America’s fourth-largest investment bank. Early Monday morning Lehman filed for Chapter 11 bankruptcy protection. It has more than $613 billion of debt.


    If you don't understand all these nonsensical numbers, here's a dramatisation. The woman on the left is George W. Bush and his government; the kid on the right is the US.


  2. #2
    MojoMunkeez is offline Senior Member Community Builder
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    Default

    You know...the NASDAQ actually isn't doing too bad.



  3. #3
    Dante Obscuri is offline Senior Member Community Builder
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    Default

    Well yes, compared to what was expected, it's not doing that bad, nor does the S&P 500. You should focus on the Dow Jones, though.


  4. #4
    Stuyvesant is offline Senior Member Always Around
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    I don't get this. Why isn't the Nasdaq down further? I know it's tech-heavy, but the financials should have had more of an impact. Odd.

    Oh, and RIP Meryl Lynch too.

  5. #5
    Saizou is offline Senior Member Always Around
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    How much of that $613 billion debt will end up paid by the US taxpayers, I wonder? Score one more for corporate cronyism and laizzes-faire deregulation.

    And I wonder if this will lead to a full-blown bank run? The US government can't keep throwing money at the problem forever after all.

  6. #6
    Dante Obscuri is offline Senior Member Community Builder
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    Default

    Updated values DX




    Quote Originally Posted by Saizou View Post
    And I wonder if this will lead to a full-blown bank run?
    Let us hope not, because as I'm sure you know, this will screw with us all. Just take a look at Europe's market data.


  7. #7
    Henchy432 is online now Senior Member Community Builder
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    I gave a friend about 2k a month ago to invest. I have the best timing.

  8. #8
    morten is offline Senior Member Community Builder
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    Foreign investment in America will implode like a balloon filled with cat-shit...

    Seriously, why is it always the US and England who have to raise debts on their houses, credit cards and what so ever... Is this some kind of anglo-american disease? The whole world will suffering again because of this unreasonable greed...

  9. #9
    98abaile's Avatar
    98abaile is offline Senior Member Community Builder
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    Quote Originally Posted by morten View Post
    Foreign investment in America will implode like a balloon filled with cat-shit...

    Seriously, why is it always the US and England who have to raise debts on their houses, credit cards and what so ever... Is this some kind of anglo-american disease? The whole world will suffering again because of this unreasonable greed...
    I was going to say its the government's fault, but thats much of the same thing. Highpowered people in high powered jobs, totally disconected from the real world.

    And although I don't really want to jump on the "lets all rag on the corporations" band wagon, you've got to wonder how there are people who can make so much money and then make cut backs in staffing to protect their 200~k salaries and millions in shares. (Just so you know Tesco, one of the largets supermarket chains in the world is cutting way back on recruitment. The department I work in is chronically understaffed.)

  10. #10
    MojoMunkeez is offline Senior Member Community Builder
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    Well, after the purchase of Merrill Lynch and the subsequent normal dip in stock prices after a takeover, investors should look into buying Bank of America stock right now while it's cheap. Wait till around 2010 or so and sell it for a pretty sizeable profit. Really.



 

 
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