...da sich ja eh alles auf den Goldpreis auswirkt
kann man auch Cramer zuhören, bin zwar kein Fan von ihm, aber er nennt doch einige Zahlen und Gefahren ![]()
http://www.crooksandliars.com/…mer_recession_011808.wmv/
Cramer is correct in assuming that the market won't open. And yet, so far, nothing has been done to avert the disaster which lies just ahead. Maybe nothing can be done?
So, how did things get so bad, so fast? How could the world's most resilient and profitable markets be transformed into a carnival sideshow peddling poisonous “mortgage-backed” snake-oil to every gullible investor?
Author and stock market soothsayer Pam Martens puts it like this:The Free Market Myth Dissolves into Chaos
“How could a layered concoction of questionable debt pools, many of dubious origin, achieve the equivalent AAA rating as U.S. Treasury securities, backed by the full faith and credit of the U.S. government, and time-tested over a century of panics, crashes and the Great Depression?
How did a 200-year old "efficient" market model that priced its securities based on regular price discovery through transparent trading morph into an opaque manufacturing and warehousing complex of products that didn't trade or rarely traded, necessitating pricing based on statistical models?”
How, indeed?
The answer to all these questions is “deregulation”. The financial system has been handed over to scam-artists and fraudsters who've created a multi-trillion dollar inverted pyramid of shaky, hyper-inflated, subprime slop that they've sold around the world with the tacit support of the ratings agencies and the US political establishment. (wink, wink) Now that system is about to collapse and there's nothing that the Federal Reserve can do to stop the Great Credit Unwind of '08.
linar ![]()