Thanks for the reality check, Xi. Last week my husband was profoundly depressed because of the market (and because he didn't listen to your advice, via me), but I told him to expect worse, and that seems to have helped some.
I have some cash that I hope to reinvest when the market bottoms out. I'm not sure we're there yet. On Oct 14, 10:03 am, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > The rebound of the stock markets, maybe unfreeze of credit markets, > etc. might give the perception that the crisis is over. I post > yesterday an interview where the recent Nobel prize, Prof. Krugman, > states very clearly that "this is just the begining". > > I posted the predctions from the IMF for 2008 and 2009, optimistic as > usual. Banks and think tanks are much more pessimistic. > > As many economists say, and Nouriel Roubini described clearly on July > 6th. 2008, "the coming end game of Bretton Woods 2", we most agree > that we are changing the whole financial system. Many among them agree > that we are also changing the whole economic model. And US in > particular, has to make a third change, its own economic model based > on cheap oil and its domestic inbalances in federal budgets, > consumption vs. savings, foreign trade, etc. Those changes are are > giant efforts that take lot of effort, lot of funds and lot of time. > > I mean, this is just the begining. The year of the rat. The tide > rises, new waves higher and higher will come soon. Save, try to > produce food at home as much as posible, etc. same advise than usual. > > Peace and best wishes. > > Xi --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
