uh gel we love you bud but this guy is selling stock picks... may not be the best source.
On Tue, Mar 11, 2008 at 2:45 PM, Vivec <[EMAIL PROTECTED]> wrote: > Another article portending DOOOM. > > http://www.moneyandmarkets.com/Issues.aspx?The-Credit-Collapse-of-2008-1520 > > "The Credit Collapse of 2008 has begun. > > The place is every home, business and government. > > The time is now. > > The credit collapse is not just an ordinary recession that repeats > itself with each new business cycle of the 21st century. Nor is it the > Great Depression returning to haunt us from the depths of the 1930s. > > The credit collapse is a sudden surge in debt defaults by borrowers > .... and an equally sudden disappearance of new loans by lenders. > > It's an unprecedented surge in home foreclosures ... and an equally > unprecedented cutback in new home mortgages. > > It's causing unexpected corporate bankruptcies ... plus equally > unexpected demands by banks to put up more collateral. > > It's threatening to sink businesses, paralyze local governments and > gut the investment portfolios of millions of Americans. > > It's even starting to sabotage the best laid plans of government > neutralizing the Fed's interest rate cuts ... pre-empting Congress' > economic stimulus plan ... and threatening to strip Washington of its > traditional powers to fight a recession. > > And I'm not the only one who sees this. > > Yesterday's New York Times reports ... > > that the government's usual fiscal and monetary policy tools are failing ... > > that this failure is raising questions about what more the Fed can do, and ... > > that its actions so far have done little to counter sinking housing > prices, the falling stock market and disappearing jobs. > > "The Fed's main weapons against a downturn," says The Times, "are > ill-suited to a crisis that stems from collapsing confidence about > credit quality." > > Meanwhile, economist Edward Yardeni, formerly still holding to the > theory that the economy was OK, has now reversed course. Ditto for > economists at JPMorgan Chase and Lehman Brothers. > > They don't yet call it the Credit Collapse of 2008, as I do. But they > see it just the same and they are beginning to recognize how serious > its consequences really are. > > What they may not yet recognize is that the Credit Collapse of 2008 > could attack everyone and everything that depends on debt, including, > ultimately, the U.S. government. " > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;160198600;22374440;w Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:256201 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
