Dow Recovery! Soon To Be Another Dow Flop!
November 12, 2008
Dow Wow! Up and Down Like a YoYo! Are You A Bear or a Bull? Choose your side. Oh yeah Shorting is Restricted Now. Better Start Building That Second Income Now!! This Is On Everyones Mind YouGetVeryRich
A look at the financial crisis-1/3
November 12, 2008
Bailout for Mortgage Giants, IndyMac Bank Collapse, Dollar Hits New Low, Inflation at 26-Year High, Dow Falls Below 11K…A Look at the Financial Crisis
It has been a tough seven days for the US economy. On Friday, the FDIC seized control of the failed California-based IndyMac Bank. It was second largest bank failure in US history. Analysts project another 150 banks could collapse. On Sunday, Treasury Secretary Henry Paulson announced extraordinary moves to bail out the mortgage giants Freddie Mac and Fannie Mae. On Tuesday, the Dow Jones Industrial Average dipped below 11,000 for the first time since 2006 and the dollar hit a record low against the euro. And Wednesday, it was announced that inflation is now rising at its fastest pace in twenty-six years. We take an in-depth look an the economic crisis. [includes rush transcript]
Nationalisation of Banks: credit crunch, global economic crisis. Government capital for banking shares. Future economy and banking - conference keynote speaker Patrick Dixon
November 12, 2008
globalchange. Nationalisation of banks Europe, UK, US government action to take shares in exchange for injection of capital. Impact of credit crunch and banking share price collapse. Future trends in banking and financial services? Risk of global economic meltdown - how market fear and greed creates chaos. Many risks of further price falls, when market traders driven by fear and uncertainty. Why markets over-react. Restoring investor confidence and trust, taking advantage of new investment opportunities. Taking long term investor view. Restoring stability to global markets. Recession and depression lessons from history. Sub-prime crisis and fear of unknown liabilities. Inter-bank lending may take a long time to recover even with huge government bailouts, injection of liquidity, partial nationalisation of banks (capitalisation). The sharper the recession and market collapse, the stronger the measures that will be taken (eg cutting interest rates) and more likely it is that when economic recovery comes, it could lead to another big cycle of boom and bust. Comment by Futurist keynote conference speaker Patrick Dixon.