Posted on 02/16/2009 7:47:40 PM PST by dangermouse
Ping for your input.
Yikes!
I have no idea what all this means but I sorta read: BAD BAD BAD
I agree ! What is up with the nuclear bomb montage?
ping!
Welcome to flights to quality...and deflation.
U.S. Futures heading way down. Gold and Silver up big... something is going on. Thanks for the info.
Would you mind putting this extremely bad news in layman’s language so we can understand?
http://www.freerepublic.com/focus/chat/2136635/posts
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Note: This thread is updated on a regular basis.
One thing that is going on in Asia is the buggest run on a currency in history - the Ruble.
Another is almost $2 trillion in short term debt to Western Europe from West Asia and Eastern Europe and its really not clear they can pay.
This will put some large European banks and even countries at risk.
Gonna be a heck of a ride and the U.S. is better off than most others. Thus the flight to dollars.
Oh, come on. Obama and the Democrats eat “hundreds of billions” of dollars for breakfast. Trillion is no longer a insurmountable sum. Have no fear, the Obamassiah’s gonna save us.
ping
Got it......damn !
From what I understand, Poland is about to default on debt. Same with Ireland. The Euro is tanking on this news, dollar soaring, temporarily at least. Big worry is that counterparty risk through derivatives will cause the defaults in Europe to “jump the pond” and the whole ball of wax starts melting down.
Yikes bump for look tomorrow morning!
Korea Bank Funding Costs Rise to Record on Woori Woes (Update1)
http://www.bloomberg.com/apps/news?pid=20601080&sid=asIynTA6wD48&refer=asia
Soros?
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