ALL IS WELL !!!
Posted on 08/17/2009 9:21:17 PM PDT by parsifal
Don’t blame global stock markets for being skittish. It is August, after all, a month that has spelled trouble in the past two years.
Recall that, a year ago, Fannie Mae and Freddie Mac started wobbling at the precipice while AIG, desperate for cash, began paying junk-like yields in the corporate bond market. A month later, all hell broke loose.
In August 2007, a shutdown in short-term lending markets forced global policy makers to rush in with a flood of liquidity to keep the lifeblood of the financial system from clotting.
So it’s only natural that, this year, sellers are trigger-happy at the slightest whiff of trouble.
(Excerpt) Read more at blogs.reuters.com ...
Since this is August 18, 2009, EDT I am now a full fledged 11 year Freeper!
parsy, who is surprised he made it this long
Commie media in damage control mode.
And everybody knows that the market always does what everybody thinks it's going to do.
(Congrats on 11 years, parsifal!)
Newb. ;)
/johnny
My wife, who has been working in banks, S&Ls, and credit unions for over 28 years, says that the worst is yet to come.
The author of the article assumes that money will be available. I realize that the gov can print like crazy, but inflation would hit even stronger than how it will hit when all the crap that has been printed filters back to the system.
Of course it couldn’t have anything to do with Obama’s policies! /s
Agnes Crane hasn’t a clue what caused the global recession in the first place, and what is still causing it.
Saying the markets have dipped for no reason other than sellers being “trigger happy” for no apparent reason just shows her ignorance of the marketplace and what effects it.
the media want us to think for no reason, August is the time ppl sell, no matter how well or poorly the company or economy is doing, so chill ppl
I agree with your wife!
congrats newbie!!
Smart women there. If this doesn't tell you trouble is on the horizon http://www.usdebtclock.org/
Technically, I don't think you were replying to me specifically, who was offering Freepday blessings to the poster for his 11th year here, but simply scrolled down and replied on the last poster.
Besides, I've been divested of stock market, fed-gov, and all the BS for a couple of years.
But either way, it's simply NOT DONE, and VERY BAD FORM.
/johnny
I looked her up before I posted this to make sure she wasn’t just some blogger like me. Here’s the scoop:
Agnes Crane has been on the frontlines in the coverage of the credit crisis. As an editor at Dow Jones Newswires, she led a team of eight reporters who cover the credit markets and debt instruments. She had previously been a reporter for Dow Jones, covering global sovereign debt markets. In 2005, she won a Newswomen’s Club of New York Front Page Award for deadline reporting. Agnes was a fixed-income reporter for Market News International and before that had worked as a reporter in Mexico City for four years. She is a graduate of Temple University.
parsy, who really does hope she’s right, but I wouldn’t bet my money on it
/johnny
I think your wife is right. I read somewhere that Regions is upside down. I still think we have several bubbles to burst yet.
parsy, the really pessimistic right now (or is it realistic?)
Yep. Not a single story about the dismal economic report and bleak outlook for the America's economic future thanks to Obamanomics.
They are pointing their fingers straight towards Obama in Europe however; they aren't very happy with that Joker in the whitehouse that has dashed their hopes of economic recovery and put them right back into a recession.
They are finally realizing that all the talk Obamamedia was floating around that the American economy was turning around, was nothing but a big fat LIE to cover up a rapidly failing economy with no hope of recovery in sight, and worsening instead.
If they’re betting my money, they won’t need many chips.
parsy, the broke
No mention of the failed treasury auction, the failure of Colonial, the ChiComs buying $2B worth of residential real estate thru a Gubmint program today, blah blah blah...
Instead, it's "just a turning point" due to "soft retail sales"; "not necessarily the foreshadowing of something truly ugly to come".. 100% lies and propaganda.
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