Friday, August 10, 2007

More of the same

Asian markets slide as credit fears spread

It will be interesting today to see how European and US stocks and government respond. Will they recover? Will they nosedive? The weekend couldn't come soon enough and there'll be a few financial hangovers to nurse on Saturday morning.

Posted by planning4acrash @ 08:12 AM (2771 views)
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8 thoughts on “More of the same

  • waitingfor hpc says:

    so does pumping money in by central banks solve the problem then? is it all fine now as they are lending their respective govt’s money?

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  • I don’t thnik there will be a 1929 style crash though as the world’s economies are too wised up now…

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  • Guess who said there will be no sub-prime problem here (UK)?

    I’ll give you a clue. He also said oil would return to $40 a barrel and that it wasn’t quite time
    for a calming rate cut just before the MPC have increased rates another 4 times.

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  • It wasn’t glorious sunshine was it?

    GS – now there’s a distant memory!

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  • sold 2 rent 1 says:

    Nope – it was David “permabull” Smith.

    His main argument is no HPC without recession.
    My response is that we have a 95pc chance of a recession by the end of 2008.

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  • planning4acrash says:

    Poor old David, he’ll be rocking too and fro, boiling up with a cold sweat, wondering how things ever got this way and thinking “why didn’t I sell my small portfolio of houses last month like those nice people on HPC suggested”. Poor, poor old David.

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  • planning4acrash says:

    We should all write nursery rhymes like that for out children so they never make the same mistakes, like, humpty dumpty (David) who sat on a bricks and mortar wall, and Hansel (Poor David) and Grettle (glorious sunshine) who were taken for a long walk into the forest by the fox (Foxtons – and their brokers), where they couldn’t see the woods from the trees and followed crumbs of home left by the charlitan agents of the Fox(tons), aka The Landlord Association. Then, the Fox(tons) gobbled them up and sold their little house, again!

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  • You get the gold star s2r1! It was in fact Mr Smith from The Times. Whatever Mr Smith says will happen it is always likely the opposite will occur.

    Smith is the Murray Walker of the financial press.

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