- gerade in Vorbereitung; wie gehts weiter? - Emerald, 20.08.2007, 17:09
- Re: gerade in Vorbereitung; wie gehts weiter? - prinz_eisenherz, 20.08.2007, 17:27
- da kommt gerade berufene UnterstĂĽtzung aus London und LaJolla: - Emerald, 21.08.2007, 08:06
- Re: gerade in Vorbereitung; wie gehts weiter? - prinz_eisenherz, 20.08.2007, 17:27
da kommt gerade berufene UnterstĂĽtzung aus London und LaJolla:
-->quote:
August 20, 2007 --"Because this crisis taps so deeply into the newly devised structures of finance, anyone who says the worst is definitely over is either a fool or someone with a position to protect. As risk has become bewilderingly dispersed, so to has information. Nobody yet knows who will bear what losses from mortgages -- because nobody can be sure what those loans are really worth. Nobody knows if tighter lending standards will oblige borrowers to raise more capital, triggering more sales in stock markets and more pain. Nobody knows how messy the inevitable bankruptcies will turn out to be. What markets need now is time to piece that information back together. Time before the next wave strikes." (from The Economist, August 18).
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Russell Comment -- Ah, the irony of it all. A month ago every genius in this business was saying,"Get out of dollars. If you don't do anything else, get out of dollars." Strange, now with the loan business choking up, everybody wants dollars. Sell what you have to, you poor over-leveraged, indebted fool, and accumulate dollars.
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unquote.

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