zeusbheld Posted August 18, 2008 Report Share Posted August 18, 2008 The dollar is already regaining some ground. as someone currently spending dollars outside the US, i'd have to say you must be referring to the massive strides the dollar has made in fantasyland. Quote Link to comment Share on other sites More sharing options...
SiamHotel Posted August 18, 2008 Report Share Posted August 18, 2008 worLd according to "cosmo" huh?? Quote Link to comment Share on other sites More sharing options...
SiamHotel Posted August 18, 2008 Report Share Posted August 18, 2008 huh?? It started out as a subprime issue in the US wahahahahahaaa Quote Link to comment Share on other sites More sharing options...
SiamHotel Posted August 18, 2008 Report Share Posted August 18, 2008 hahaaaaa..... Quote Link to comment Share on other sites More sharing options...
Cosmo Posted September 7, 2008 Author Report Share Posted September 7, 2008 Rep. Barney Frank (D.-Mass), Chairman of the House Financial Services Committee, confirmed in a statement Saturday that Treasury Secretary Henry Paulson is set to put the federal government in control of the two troubled mortgage owners - Fannie Mae and Freddy Mac. Here is the link for those interested.... http://www.marketwatch.com/news/story/rep-barney-frank-confirms-treasury/story.aspx?guid=%7B46D1439E%2DA2C4%2D418C%2D9BE0%2D09BE0B9EE60D%7D&siteid=bnbh Whew!!! Finally....can breathe a sigh of relief for now.... :roll: Quote Link to comment Share on other sites More sharing options...
SiamHotel Posted September 7, 2008 Report Share Posted September 7, 2008 Whew!!!Finally....can breathe a sigh of relief for now.... :roll: wahahahahahaaa Quote Link to comment Share on other sites More sharing options...
SiamHotel Posted September 7, 2008 Report Share Posted September 7, 2008 ch0ke dee ja no matt3r what Quote Link to comment Share on other sites More sharing options...
SiamHotel Posted September 7, 2008 Report Share Posted September 7, 2008 . . . c0smo ja! :roll: Quote Link to comment Share on other sites More sharing options...
eagle Posted September 7, 2008 Report Share Posted September 7, 2008 You mean World rip off !! PIgs :twisted: Quote Link to comment Share on other sites More sharing options...
Cosmo Posted September 15, 2008 Author Report Share Posted September 15, 2008 Looks like the US government has decided to draw a line in the sand as far as Lehman Brothers goes..... :roll: Fingers crossed that the big banks and the US government can work something out.....otherwise, Lehman goes into Chapter 11 for sure..... And one no knows what flow on it will have on world financial markets.... :cry: Damn :roll: , how much worst can it get? Quote Link to comment Share on other sites More sharing options...
Administrator Posted September 15, 2008 Report Share Posted September 15, 2008 When Bear Stearns went under, a lot of people were saying that that was the low of the low...My brother was a VP there. :? There is always a new bottom, but I hope we don't see things get much worse. Quote Link to comment Share on other sites More sharing options...
Cosmo Posted September 15, 2008 Author Report Share Posted September 15, 2008 Lehman has just filed for bankruptcy. It has debt of $600 billion dollars....others are likely to follow. Washington Mutual and AIG could be next to go. Whilst Merrill Lynch has just been snapped up by Bank of America. The US Fed will need to stop drop interest rate again, when they meet tomorrow, to stop this free fall in the financial markets. Quote Link to comment Share on other sites More sharing options...
Administrator Posted September 15, 2008 Report Share Posted September 15, 2008 I doubt they will drop interests rates tomorrow. Regardless...tomorrow will actually see worse results than today once the US markets re-open. Quote Link to comment Share on other sites More sharing options...
GoldMember Posted September 15, 2008 Report Share Posted September 15, 2008 When Bear Stearns went under, a lot of people were saying that that was the low of the low...My brother was a VP there. :? VP sounds very important .Was he headhunted by Lehmans ? Quote Link to comment Share on other sites More sharing options...
beej Posted September 15, 2008 Report Share Posted September 15, 2008 **** me HBOS shares to a battering today!!! Quote Link to comment Share on other sites More sharing options...
Administrator Posted September 15, 2008 Report Share Posted September 15, 2008 When Bear Stearns went under, a lot of people were saying that that was the low of the low...My brother was a VP there. :? VP sounds very important .Was he headhunted by Lehmans ? He went to a french bank...can't remember the name now. Quote Link to comment Share on other sites More sharing options...
Cosmo Posted September 19, 2008 Author Report Share Posted September 19, 2008 What a horrific week!!!! :shock: :shock: :shock: After coming so close to a financial MELTDOWN, the US and the world governments decided to act as one. Finally, we have reached a bottom....fingers crossed... :roll: Quote Link to comment Share on other sites More sharing options...
Dave40 Posted September 19, 2008 Report Share Posted September 19, 2008 Finally, we have reached a bottom....fingers crossed... One can only hope van the market will still remain volitile for the time being!!! (Our dollar has gone to the Shizenhousen!!!! ))) Quote Link to comment Share on other sites More sharing options...
beej Posted September 19, 2008 Report Share Posted September 19, 2008 Its going to remain up and down for the next 6 months, I got out of the stock market today, if I didn't I'd be bald by the end of the week. Quote Link to comment Share on other sites More sharing options...
Bruce551 Posted September 19, 2008 Report Share Posted September 19, 2008 The Party is over in the USA, very tuff times ahead for the small business and the avg. Joe. No more easy credit. :arrow: Quote Link to comment Share on other sites More sharing options...
Cosmo Posted September 19, 2008 Author Report Share Posted September 19, 2008 Finally, we have reached a bottom....fingers crossed... One can only hope van the market will still remain volitile for the time being!!! (Our dollar has gone to the Shizenhousen!!!! ))) Hey Dave, How's going? Still believing in the Pilbara? Yeah, it sucks big time regarding the AUD. IMHO, I think the US government and other world government have finally come to the conclusion that this credit squeeze has now become a credit freeze. And if nothing was done quickly (in the next few days), the financial markets worldwide would go into a meltdown...and we would be facing a repeat of the 1930's depression. After some piecemeal approach, the US government has finally come to their senses - they are now proposing a wholesale bailout of the financial system (well at least, that is how I iinterpret it). Credits should ease from now and banks and financial institutions should start lending to each other again - the spread should start to come down immediately. However, this bailout is going to cost the US taxpayers heaps....probably to the tune of $800 Billions (two Iraq wars, I guess). Just my humble opinion.... :roll: :roll: :roll: Quote Link to comment Share on other sites More sharing options...
beej Posted September 19, 2008 Report Share Posted September 19, 2008 Governments world wide are injecting BILLIONS if not Trillions a day into the market....... where is this money coming from? Quote Link to comment Share on other sites More sharing options...
Dave40 Posted September 19, 2008 Report Share Posted September 19, 2008 where is this money coming from Hope it's not Monopoly money!!! Quote Link to comment Share on other sites More sharing options...
Dave40 Posted September 19, 2008 Report Share Posted September 19, 2008 Still believing in the Pilbara? Can't last forever van!!! Also have to wait and see what the bailout will be the dow jones is up and down like a yo yo at the moment at least oil has dropped below 100 us at the moment!!! :roll: :roll: Quote Link to comment Share on other sites More sharing options...
Administrator Posted September 19, 2008 Report Share Posted September 19, 2008 SEC just banned shortselling! WTF! argh... Quote Link to comment Share on other sites More sharing options...
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