$100 A Second---- Ifcn Wk Xv -Mon- Equity: $623.66
The collapse of Bear Stearns sent the forex markets spinning on Friday, in addition to carried on through today. Market players are really undecided which mode to larn - except sell anything they don't experience practiced about.
This morning, the dollar vicious to a tape depression against the euro in addition to a 12-year depression vs. the yen. Gold went to an all novel high, again.
Everyone who cares has heard well-nigh the “rescue” of Bear Stearns incident on Friday.
Bear Stearns stock has lost almost all of its marketplace value. Sympathetic selling appeared inward everything from soybeans to java in addition to cocoa, including all the stock indexes
One of the most of import principles on Wall Street is Baron Nathan Rothschild’s famous slice of advice: "Buy when the blood is inward the streets".
We're there.
To listen how this or that draw of piece of job solid has “lost” a billion or two-- or twenty (as is the illustration alongside Citigroup in addition to Bear Stearns) is actually an incredible thing. Especially when it is discovered that it is lost past times the acts of i or 2 primary people inward a firm.
Many people accept tried to personalize how much a billion is, since it is difficult to larn your heed around this huge sum for those of us inward a normal world.
If yous shredded a $100 mouth every second, 24/7, for iii years in addition to viii months yous would accept destroyed a billion dollars.
Citigroup's writedown concluding calendar week of 18.1 billion dollars equals the same equally a somebody shredding $1000 bills every minute for to a greater extent than than 57 years. And virtually no consequences to the idiots who caused the problems. If this was your ain money, it would last stupid simply your ain business. This coin wasn't theirs.
Do yous mean value an embezzler who took $50,000 from that same banking concern would remain out of prison?
Amazing.
The coin is coming right away out of the stockholders pockets, most of whom had no sentiment what form of risks they actually faced past times owning that stock. Nassim Taleb's concept of fiscal Black Swans is proven truthful again. They volition ever grade to a greater extent than oftentimes in addition to to a greater grade than earth perception tin sack handle.
There was some practiced intelligence concluding week. According to the authorities on Friday, inflation is nonetheless inward check. Right, we'll proceed that inward mind.
Joel Rensink
www.infiniteyield.com
This morning, the dollar vicious to a tape depression against the euro in addition to a 12-year depression vs. the yen. Gold went to an all novel high, again.
Everyone who cares has heard well-nigh the “rescue” of Bear Stearns incident on Friday.
Bear Stearns stock has lost almost all of its marketplace value. Sympathetic selling appeared inward everything from soybeans to java in addition to cocoa, including all the stock indexes
One of the most of import principles on Wall Street is Baron Nathan Rothschild’s famous slice of advice: "Buy when the blood is inward the streets".
We're there.
To listen how this or that draw of piece of job solid has “lost” a billion or two-- or twenty (as is the illustration alongside Citigroup in addition to Bear Stearns) is actually an incredible thing. Especially when it is discovered that it is lost past times the acts of i or 2 primary people inward a firm.
Many people accept tried to personalize how much a billion is, since it is difficult to larn your heed around this huge sum for those of us inward a normal world.
If yous shredded a $100 mouth every second, 24/7, for iii years in addition to viii months yous would accept destroyed a billion dollars.
Citigroup's writedown concluding calendar week of 18.1 billion dollars equals the same equally a somebody shredding $1000 bills every minute for to a greater extent than than 57 years. And virtually no consequences to the idiots who caused the problems. If this was your ain money, it would last stupid simply your ain business. This coin wasn't theirs.
Do yous mean value an embezzler who took $50,000 from that same banking concern would remain out of prison?
Amazing.
The coin is coming right away out of the stockholders pockets, most of whom had no sentiment what form of risks they actually faced past times owning that stock. Nassim Taleb's concept of fiscal Black Swans is proven truthful again. They volition ever grade to a greater extent than oftentimes in addition to to a greater grade than earth perception tin sack handle.
There was some practiced intelligence concluding week. According to the authorities on Friday, inflation is nonetheless inward check. Right, we'll proceed that inward mind.
Joel Rensink
www.infiniteyield.com
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