[Lorianne]

Bailouts won’t work.
Bailouts = fairydust

[Sooth2222]

Gold rose from about $253/oz in October 1999 to about $1002 in Febuary 2008. (very roughly following the rise in the fortunes of Fannie Mae).

This would have been more useful information in October 1999 than in September 2008.

[Sooth2222]

Gold rose from about $253/oz in October 1999 to about $1002 in Febuary 2008. (very roughly following the rise in the fortunes of Fannie Mae).

This would have been somewwhat more useful information in October 1999 than in September 2008. I want to know about the *next* crisis (or boom) before it happens!

[litehaus]

"----Hundreds of millions of homes ---continue to fall in value."

Guess this fella is including what? Canada, Mexico, USA and what else?

[jsh3180]

There is an error in the Weiss article. He says the derivatives fiasco is $180 Trillion.
According to the Bank of International Settlements, the true number is the staggering sum of $1 Quadrillion.

[astyanax]

I’ve also noticed this guy thinks China is ALWAYS a great investment (and a veritable pollution-free workers’ paradise.)

[Afronaut]

You guys believe the lie of your choice, but this is going to get real ugly.

Are you all just ignorant to the US financial market systems?

Some truly amazing observations in this thread.

[Always Right]

Fear-mongering non-sense.

[cw35]

Thanks for the advice Weiss I think I will buy now.

[US34]

Funny his “recommendation” is SELL! SELL! SELL! ... That would not create a self-fulfilling prophecy, would it? No, it couldn’t be that Weiss is that much of a manipulator (sarcasm)

[narses]

Any financially litreate in the Catholic Caucus that can comment on this? It seems a bit above my pay grade. Thanks.

[Hattie]

When everyone is down on the market, isn’t that the time it’s going to go up?

[Hostage]

He’s saying there will be a selling stampede. Maybe so but it will be met with a buying stampede that he conveniently failed to note.

The buying stampede will NOT be enthusiastic investors rushing into the market buoyed by confidence.

The buying stampede will be long-term short positions covering in a rush to take profits because ...

with no short sales, the ability to keep a stock down goes away. The downward pressure is dramatically lessened.

Any short worth the gray matter between their ears will cover, go to cash and sit on the sidelines for awhile.

[org.whodat]

General motors and Ford are at deaths door, so what else is new!!

[elpadre]

What is included in the total besides failed mortgages?

Are they taking on the expensive, million dollar plus mansions that have been foreclosed on in places like California?

What about the speculator property foreclosures what about commercial ventures??

I favor them taking over home loans owned by private citizens, but not specs and commercial.