Late last year we told friends and families that a next round of crash is going to happen. Some have no clues what we're talking about, some think we're talking air. One said,' Har?! Still got some more to go ah?"
To which I replied with the song..."it's only just begun".
It's round two now at the Dows and.. Apple is out of Jobs :) Banks are still desperate for cash. Not only that, I hear that hedge funds need to liquidate their positions to pay back withdrawals request from last year. It would mean a big sell off of everything in the market which leads to plumetting prices.
We haven't even heard about credit loans, car loans yet.
It's not a beautiful picture really. However for the wise, therein lies great opportunity. Loans are getting cheaper. Good assets are getting more 'affordable'...
And inline with the Golden globe fever... I want to thank USA for this opportunity that they have given us. To be more specific, the Feds who has royally screwed the people of USA, the SEC and of course not forgetting the secretary of treasury.
Your determination to have more debt and to print more money has made all these things possible. Your undeterred support to your banker friends in these great times, giving them free loans to buy up other banks... *smiles* you know who you are... has also given all of us hope that indeed money is 'free'.
I hear you car szar, you're the fastest learner of us all, well done. The threat on massive unemployment did worked! :)
Last but not least, Mr President George W Bush. All this cannot happen without your clueless, aimless and visionless leadership qualities.
Your ability to dodge 2 shoe throws has inspire us all that indeed you can spew out any and every bullshit and dodge all repercussions.
******
You guys should have just elected Ron Paul instead.
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