Saturday, August 18, 2007

Why asset prices are just thin air and are now worthless

Panic in the air as finacial system implodes

The Fed caved in and reduced its lending rate and flooded the place with cash to bail out Countrywide et al. Big mistake. Fear has set in and no amount of cash is going to change sentiment in the market - just look at Nikeii down 5% on Friday. Greenspan the villain all along! It really is going to be a grreat show next week...

Posted by the capitalist @ 09:11 AM (488 views)
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