quote:

Originally posted by ksazma:
No big deal, I have been telling people since around Dec '05 that the market will crash because it is artificially inflated. You might find post right here on GNI where I stated this. But a lot of people were forced into it partially because rentals were disappearing as they were being sold as condos. But the banks were mostly to blame for this crisis because they decided to sacrifice good lending policies regarding loan to value ratios.

quote:

Originally posted by baseman:
Is it the banks or the Feds for keeping a very open money policy? The banks operated with the limits of the rules set by the Feds. The blame lies in more than one place, the banks were just the conduits of a Fed policy.

quote:

Originally posted by politikalamity:
I blogged this on Thursday, March 15, 2007:

quote:

Many individuals, financial institutions and other corporations will collapse, many are already walking away from houses they could not afford to begin with and this number will only increase. Unfortunately not just the US will suffer but most of the world, some more and some less than the US, but, the crisis will be wide spread, make no mistake about that.

to read the entire article go to My blog

quote:

Originally posted by baseman:

quote:

Originally posted by politikalamity:
I blogged this on Thursday, March 15, 2007:

quote:

Many individuals, financial institutions and other corporations will collapse, many are already walking away from houses they could not afford to begin with and this number will only increase. Unfortunately not just the US will suffer but most of the world, some more and some less than the US, but, the crisis will be wide spread, make no mistake about that.

to read the entire article go to My blog

Hey poli, hope you did some good shorting!

quote:

Originally posted by baseman:

Hey poli, hope you did some good shorting!

quote:

Originally posted by Rahmah bin Jabr:
Good call Poli.

Now look into your crystal ball and tell me what will the markets do next week. Will the S&P close higher or lower?

FYI - I bought a small amount of equities at the close today (energy). Will continue buying more if prices decline further.

Looks like the market is hunkering down for a storm. But, also represents a good buying opportunity for sectors like energy.

quote:

Originally posted by Wally:
Guys think of this for a minute. Why is a country like Guyana with so much gold poorer than poor man Jones and a country like Barbadoes with no resources except white sand and blue water is vastly more rich than Guyana.

It is not just because of racism and bad politics that make Guyana poor. The reason is also because of Venezula and some powerful countries in this world that keep Guyana trap into a cycle of debt and poverty.