If you're not worried about what's going on....

Joe_Bloggs

Those foreclosed homes are evidence in a forthcoming trial hence they must remain a blight on the financial and social landscape.
In the meantime lawyers will argue ceaselessly about who did wrong whilst growing richer in the process.

It would not surprise me if Fannie Mae and Freddie Mac sued each other for being a gullible party in this fiasco.

J_B.

Thrugelmir

kevin52 wrote: »

Warren Buffet has just invested five billion dollars in Bank of America so he doesn't agree with you.

At a 6% yield. In addition the BOA will pay a 5% premium to purchase the stock back.

If that wasn't enough there's options on 700 million share warrants that can be exercised over the next 10 years.

WB always takes a long term view.

1984ReturnsForReal_2

Drinking late Generali

At least now we agree

PasturesNew

I'm not worried .... I had no idea + I don't care.



I really don't care... world's going to hell in a handbasket... do I care??? No.

1984ReturnsForReal_2

PasturesNew wrote: »

I'm not worried .... I had no idea + I don't care.



I really don't care... world's going to hell in a handbasket... do I care??? No.

You will...

onlyroz

Well my ISA is going up and down like a prozzie's nick-nicks at the mo despite it's "balanced portfolio". Good job I don't need the money yet...

tomterm8

I think it is easy to be too pessimistic. These problems are not unique. They have happened before. This can give us great hope, since if our fathers and grandfathers could solve them, so can we. These economic problems are human problems: made by people, and therefore possible to be solved by people. All these terrible problems will, sooner or later, be history. It is easy to become very negative, but, you must remember that even at this moment hundreds of millions of people are working, hard, to improve their lives and the lives of their families.

In other words, this, too, shall pass.

kabayiri

1984ReturnsForReal wrote: »

You will...

Seriously though.

How will I recognise the event, crunch mark 2 ?

Of course I like everyone else would love to know as soon as it occurred so I could take action, but I suspect I will be behind the movers and shakers in the information stakes. They will have clear air between them and the likes of me.

Then, I might know something is happening, but exactly what? The media will be so full of chaff and noise, and I suspect the government spin and media mechanisms will be in full swing.

For every pundit on television painting a grim but maybe realistic outcome, the media will find some optimistic soul to sit in 'the other chair' to provide balance. It will all contribute to an unclear picture.

Once I have worked out what is happening is bad, then what is the correct defensive action?

I've read some great articles posted by Generali and others, yet I feel no more certain or clearer.

TruckerT

kabayiri wrote: »

Seriously though.

How will I recognise the event, crunch mark 2 ?

Of course I like everyone else would love to know as soon as it occurred so I could take action, but I suspect I will be behind the movers and shakers in the information stakes. They will have clear air between them and the likes of me.

Then, I might know something is happening, but exactly what? The media will be so full of chaff and noise, and I suspect the government spin and media mechanisms will be in full swing.

For every pundit on television painting a grim but maybe realistic outcome, the media will find some optimistic soul to sit in 'the other chair' to provide balance. It will all contribute to an unclear picture.

Once I have worked out what is happening is bad, then what is the correct defensive action?

I've read some great articles posted by Generali and others, yet I feel no more certain or clearer.

Some people have said things like 'don't worry, it will all get sorted out in the end, it's happened before, and will probably happen again', but what they are really saying is 'let's leave it to the rich to sort this out - they might be the ones who created the problem, but they are also the only ones with the ability to get things back on track, and I don't mind that they will resume their total control of the world's economies way beyond any influence which elected governments are supposed to have'

TruckerT

1984ReturnsForReal_2

kabayiri wrote: »

Seriously though.

Depression in the West

Mass movement of money to the East.