-->Warum nicht gleich so?

From Wells:

Wells Fargo CEO John Stumpf said Thursday that housing is in the worst shape since the economic devastation of the 1930s.

"We have not seen a nationwide decline in housing like this since the Great Depression," Stumpf told those attending a Merrill Lynch & Co. (NYSE: MER) investment conference.

He anticipates hard times ahead for home owners in financial straits -- and their bankers.

"I don't think we're in the ninth inning of winding this," Stumpf said."If we are, it's an extra-inning game.

"The losses have turned out to be greater than expected because home prices have declined faster and deeper than expected"

From Goldman:

2008 is set to be the darkest ever year in financial history according to Goldman Sachs - a new report claims.

The Times reports that the credit crunch is so serious that it may force the US banking system to cut lending by as much as $4,000 billion, prompting a “substantial recession” in the US.

As much as $400 billion could be wiped out from the US banking system prompting fears that the knock-on effect could spell an economic catastrophe on both sides of the Atlantic.

Goldman’s forecast predicts further disastrous consequences for global economy, sighting numerous factors such as the cost of the war in Iraq, record oil prices, sub-prime defaults and growing unemployment.


“The potential for an economic implosion and subsequent world recession is huge and could surpass the biggest financial crash in history of that of the Great Depression”.


Übrigens: die 2000 USD pro Tag Regel ist schon mal was, wo wir uns drauf einstellen müssen. Das vermeidet natürlich Bank runs, wenn man 50 Arbeitstage = 10 Wochen braucht, um 100 000 USD abzuheben oder zu überweisen. Was ist, wenn man eine Rechnung zahlen muss? So ändert das System die Spielregeln, um das fractional reserve banking zu retten.

Man soll die Gegenspieler auf der anderen Seite des Systems nie unterschätzen. Aber auch diese sind Menschen aus Fleisch und Blut mit einer Adresse.