Monday, Oct 12, 2009

How much more will this crisis cost us?

Greg Pytel: UK government officially confirmed it does not have a clue about the size of the liquidity hole

The government admitted that it does not have an idea of the size of liquidity hole it is trying to plug. We do not know then whether there is another credit crunch wave on the way (especially that others, like Germans, are bracing for it) and how much, overall, this crisis will cost us.
Pretty worrying.

Posted by ant @ 12:51 AM (870 views)
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1. crunchy said...

Green shoots from a deep black hole.

Monday, October 12, 2009 01:32AM Report Comment

2. devo said...

Garages and garden sheds up and down the country are full of "assets the market cannot value". They are called 'junk'.

Of course the market can value them: take them to the nearest car boot sale; most stuff won't sell, but you might come back with a few quid.

Monday, October 12, 2009 06:20AM Report Comment

3. devo said...

Alternatively, you can wait for market conditions to improve; in which case that dried up half tin of paint could be worth a fortune.

Monday, October 12, 2009 06:30AM Report Comment

4. stillthinking said...

How can we know that their won't be an additional credit crisis in 2010? Fair enough point.

Monday, October 12, 2009 11:26AM Report Comment

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