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i called it first! GFC Mk2.
For how long? From what I can see, the bailouts, and rescue/defence packages just keep increasing in size (this time $1T AUD). But you got me convinced BV. Clearly everything in the world is rosy, when these sorts of figures are needed. http://www.somersoft.com/forums/images/smilies/rolleyes.gif- bluestorm
- Post #43
- Forum: Property Market Economics
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B
i called it first! GFC Mk2.
Haha, I love it BV. Funny how Geithner and Paulson didn't have a problem with the ratings agencies all the time when they were rating junk as top class investment (under pressure from these guys, and the investment banks no doubt). Now that the ratings agencies are starting to do their job...- bluestorm
- Post #23
- Forum: Property Market Economics
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B
i called it first! GFC Mk2.
Have to agree with you SYDB. Despite the attempts to calm the situation, spreads continue to increase, even for Portugal despite attempts to calm fears by paying an May 20 maturing bond earlier. Greece was first. I think Portugal or Ireland will be next, then Spain and Italy. The problem...- bluestorm
- Post #20
- Forum: Property Market Economics