On May 8, 4:29=A0pm, starc...@[EMAIL PROTECTED]
wrote:
> On May 8, 2:09=A0pm, "BuffettHa...@[EMAIL PROTECTED]
" <BuffettHa...@[EMAIL PROTECTED]
>
> wrote:
>
> >http://www.forbes.com/video/?video=3Dfvn/streettalk/bl_st_soros050608
>
> > Stock market to tank, =A0commod in bubble territory,
> > stocks are in a bear market rally and could see 35% on
> > downside from here.
> > Economic decoupling is a myth sold by wall street.
>
> The market will tank only when they choose it to do so or when they
> can't keep the plates spinning anymore.
>
> Mass unrest will follow either way.
>
> > Real estate has another 30% on downside, ouch!!!!
>
> Sub Prime Mortgaging is Done. =A0So are most of the world's banks...
>
> Mike
Does Soros believe the Fed and Treasury will let the big banks fail?
Or that the Europeans will let their central banks fail? Bernanke is
afraid of only one thing, the Great Depression II, especially an
equities debacle similar to the 1929 crash. He'll do anything he can
to prevent it. The market might already have corrected had the Fed not
implemented the emergency rate cut when the Dow futures were down 500
points on news of the bank fraud in France. His whole strategy is to
delay the pain for as long as possible, at least until the next
administration takes office, meanwhile hoping for a miracle to come
from somewhere within the broader economy to resuscitate the real
estate and lending businesses.
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