Economic Amrageddon - Bond Insurers About To Default

Discussion in 'Economics' started by Trendytrader, Dec 20, 2007.

  1. another opinion for what it's worth which is zippo...

    is the CBs are desparately trying to shove gold below 800.... I mean it just doesn't sit at $798 for 4 fricking days for nothing....

    line in the sand worth watching...
     
    #11     Dec 20, 2007
  2. I find it really unerving that these financial crisis keep getting larger and more complicated in scope and that yet peoples optimism that they will easily be dealt grows even greater.
     
    #12     Dec 20, 2007
  3. I thought the Fed exists to prevent panics and economic collapses...

    What are they for again...?
     
    #13     Dec 20, 2007
  4. I dont know how the fed made themselves experts the economic collapse business.
     
    #14     Dec 20, 2007
  5. Everything you didn't want to know about ACA. S&P rated them "A" just 6 months ago. Now rated junk. Stock price $0.60 today and now pushed to OTC pink sheet. 52week high was $16 and 52week low $0.20.

    Bear Stearns reportedly owned 34% of ACA that is now worth ????

    http://www.aca.com/financial/rating/
     
    #15     Dec 20, 2007
  6. Look, if you're Goldman, the next 2 years lie before you where JP Morgan was in the '20s...no matter what happens, there are necks to step on and buckets of blood to drink....

    those who enter the domain without debt will rule....
     
    #16     Dec 20, 2007
  7. Well, no one knows what is going to happen.

    Are the markets still dismissing future adverse outcomes?
     
    #17     Dec 20, 2007
  8. #19     Dec 20, 2007
  9. I think the US economy and Wall Street is clearly suffering from some sort of survivoship bias.
     
    #20     Dec 20, 2007