[sauropod]

read

[TigerLikesRooster]

Derivatives are Warp 9 instruments. Now they are set in reverse, and crisis are spreading at phenomenal speed.

[relee]

Dow is below 10,000

Trading halted in Russia and Brazil ( the only 2 BRIC countries with markets open now)

[mlocher]

On Saturday Angela Merkel, the German leader, criticised last week’s decision by the Irish to guarantee all deposits in their leading banks without consulting other European countries.

I see that the EU is once again promoting a spirit of individualism that will help the global economy grow. (smile)

[Brett66]

Government doesn’t have enough money to bail evryone out....

[dfwgator]

[Islander7]

Don’t worry! Barry O is gonna save us all!

I thank God my father taught me how to farm and my momma taught me how to cook!

[Leisler]

I always think of government as the high cost, low quality provider of goods and services in a late and untimely manner.

Everybody who can read knows this. Knowing this, I have no idea where financial markets, or more properly, the people that work in and follow financial markets, would think that ....

A. Governments would ‘fix’ or ‘save’ them.
B. That there wasn't a more than 50/50 chance they would make things worse.
C. That, to make an example, the government wouldn't do open heart on a guy with a bad kidney.

[Ilya Mourometz]

Keep cool, people. The stock markets are reactionary and will be volatile for some days to come. The key to the crisis is the credit markets, bonds, etc...not the daily stock market woes.

More important than the FTSE, Nikkei 225, Dow, Nasdaq, etc. is the rate on the T-bill.

[wmfights]

The question is what is the best thing to do with capital in a deflationary period? Is it better to retire debt and sit on physical assets, or place the money in insured investments like C/D’s?

[JasonC]

The world's bankers have now read the bill, see the collosal illiteracy of the warrant and salary cap provisions, and realize only tiny neighborhood banks or failed ones in bankruptcy will be eligible for any of it.

You can thank the populist "kill all the bankers" sentiment.

Now the Fed either wades in and monetizes bank debt, or we all go straight to hell.

[Evil Slayer]

We're doomed

[Aglooka]

We've be on the verge of total economic collapse for weeks now. It's hard to tell reality from MSM hype.

[PapaBear3625]

That $700B? it was just to bail out the “connected” folks at Goldman Sachs and elsewhere. It was never going to be enough to stop the impending train-wreck.

[mysterio]

Wow, I thought all we had to do to fix it was to give Bush, Hank, and Ben the ability to print as much currency as their lobbyists demanded. What gives?

[Puddleglum]

We are witnesses the death of CreditWorld®.

We must make the USA a place that creates value, not credit. We must build things and sell energy. We have sent our petro dollars overseas for too long and our manufacturing dollars to Chinas for too long.

[444Flyer]

Ping.

[Malesherbes]

Misery loves company. I can imagine how the Europeans would be sneering at us and our troubles if they didn’t have a mess of their own.

[GOPJ]

Looks like dems overplayed their “October surprise”...

[sanchmo]

Looked like I picked the wrong month to stop shooting up heroin.