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bubbleturbo

Broken Bear

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People are talking about Bear Stearns owing around $250 BILLION.

So, when they go, who goes next?

Apparantly, Carlyle going under took Bear Stearns. Once this domino effect starts rolling. . . . the losses and huge amounts grow with each collapse.

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My money(if I had any) would be on Lehman Brothers going "belly up" next week.

It's grim across the pond.

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People are talking about Bear Stearns owing around $250 BILLION.

So, when they go, who goes next?

Apparantly, Carlyle going under took Bear Stearns. Once this domino effect starts rolling. . . . the losses and huge amounts grow with each collapse.

What people? Do you have a link? Will the Fed be happy to see their bail-out dollars go abroad? If I were a foreign bank that had lent money to Bear Stearns, I'd want to get my hand on the dollars from the FED via JP Morgan, and then quickly convert those dollars into Swiss or use it to buy gold or diamonds... Such a route would see those $250bn of FED money being used to trash the dollar.

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What people? Do you have a link? Will the Fed be happy to see their bail-out dollars go abroad? If I were a foreign bank that had lent money to Bear Stearns, I'd want to get my hand on the dollars from the FED via JP Morgan, and then quickly convert those dollars into Swiss or use it to buy gold or diamonds... Such a route would see those $250bn of FED money being used to trash the dollar.

http://www.tickerforum.org/cgi-ticker/akcs-www?post=34470

What I find interesting and what Bernanke and co are shat scared of, but cannot fix is that as this spreads, the losses dominoing rise and rise and more and more "assets" will be put on the market. .

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People are talking about Bear Stearns owing around $250 BILLION.

So, when they go, who goes next?

Apparantly, Carlyle going under took Bear Stearns. Once this domino effect starts rolling. . . . the losses and huge amounts grow with each collapse.

Citi

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Also across the pond is Brazil, which was featured on the lunchtime BBC2 business programme. There, the economy is booming, despite a large underclass who are missing out.

Apparently money lending has been rare in Brazil and until recently the only way people bought house was by paying the full price out of their savings. Recently mortgages and consumer credit have been introduced and guess what? Boom! House prices are rising rapidly and people are flashing plastic everywhere.

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Citi

i can see your argument for citi- but surely they are too big 2 go down - same with lehman i would have thought -having said that if bear stearns loses 2bn and goes under than 20bn for citi may have a similar effect

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UBS are also supposed to be trying to flog bits and pieces of their business as they are desperate for cash.

Now, if UBS, a relatively conservative Swiss bank is in this amount of trouble, what about the real cowboys??

Barcap are bandit like are they not? Bob "big tooth" Diamond will likely be wheeled out over the weekend proclaiming they are "solid" and "have loads of cash".

If this were to happen, I would expect them to fail by Wednesday.

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  • 297 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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