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Old 29.09.2008, 15:30
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"The fundamentals"...

...stink very badly.
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  #2  
Old 29.09.2008, 15:44
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Re: "The fundamentals"...

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  #3  
Old 29.09.2008, 15:50
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Re: "The fundamentals"...

For me:

A very broad term which includes such economic measures as interest rates, the government’s budget deficit, the country’s balance of trade account (relating to exports and imports), the level of domestic business confidence, the inflation rate, the state of (and confidence in) the banking and wider financial sector and consumer confidence.


But, Shorrick Mk2 may have meant something else......
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Old 29.09.2008, 16:07
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Re: "The fundamentals"...

So do the fundamentals for this thread to stay in Finance/Banking/Taxation.

Is it about the nature of the American rescue package (NYT article)? Please clarify.
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Old 29.09.2008, 16:15
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Re: "The fundamentals"...

I believe Mr Shorrick Mk2 is jestingly referring to Senator McCain's controversial statement about the fundamentals of the economy being strong on the day Lehman Brothers declared bankruptcy.
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  #6  
Old 29.09.2008, 16:18
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Re: "The fundamentals"...

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So do the fundamentals for this thread to stay in Finance/Banking/Taxation.

Is it about the nature of the American rescue package (NYT article)? Please clarify.
There is that, but I was thinking our side of the pond, along the lines of Fortis, Dexia, RBS and Lloyds.

As a matter of fact I loved this gem:

Quote:
It is virtually impossible to know the ultimate cost of the rescue plan to taxpayers, but Congressional leaders stressed that it would likely be far less than $700 billion. Because the Treasury will buy assets with the potential to resell them at a higher price, the government might even turn a profit
Funny enough no one on the street is willing to buy these assets - might be something about the potential to actually resell them at a higher price.

Brace for impact.
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Old 29.09.2008, 16:29
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Re: "The fundamentals"...

Or maybe its the fundament that stinks?
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  #8  
Old 29.09.2008, 16:30
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Re: "The fundamentals"...

So, those are the signs of the beginning of the fall of the Western Civilisation as we knew it ?
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  #9  
Old 29.09.2008, 16:57
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Re: "The fundamentals"...

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There is that, but I was thinking our side of the pond, along the lines of Fortis, Dexia, RBS and Lloyds.

As a matter of fact I loved this gem:



Funny enough no one on the street is willing to buy these assets - might be something about the potential to actually resell them at a higher price.

Brace for impact.
It seems the Fed can't do anything to get anyone to lend to anybody. Today is very, very, ugly.
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  #10  
Old 29.09.2008, 18:13
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Re: "The fundamentals"...

Maybe the Fed should call KfW Bankengruppe

Does lightning strike twice?

fduvall

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It seems the Fed can't do anything to get anyone to lend to anybody. Today is very, very, ugly.
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  #11  
Old 29.09.2008, 18:21
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Re: "The fundamentals"...

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Oldhand, come on now!!! I'm sure your wild imagination must have produced some freakin' thought reading Shorrick's outburst !!!

(Another one of his things is -Frank Massoni- all of a sudden there is Frank Massoni !!
You never wondered about that one or do you know what this is all about ??!!
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  #12  
Old 29.09.2008, 18:33
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Re: "The fundamentals"...

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(Another one of his things is -Frank Massoni- all of a sudden there is Frank Massoni !!
You never wondered about that one or do you know what this is all about ??!!
Frank Missoni
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  #13  
Old 29.09.2008, 19:02
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Re: "The fundamentals"...

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It seems the Fed can't do anything to get anyone to lend to anybody. Today is very, very, ugly.
The Fed thinks the pumped in liquidity will be used for commercial lending in the domestic economy. Most probably it will be channeled into speculative trading on oil or gold or silver or grain or whatever the next bubble is.
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  #14  
Old 29.09.2008, 19:06
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Re: "The fundamentals"...

Yes, and some people argue the idea of a plan was more important to stabilize the markets (last week) than actually getting a plan (this week). (Paulson's bazooka, they gave it to him hoping he would never have to use it, and now it is too late).

By the way, have a look at this is a classic. If it is not yet now, then it might be for our children who will look back on these events years later. How to save a major bank: scribble some ideas on a page, and presto, within a day the worst comes true. Someone photographed the brainstorming of Fortis executives, upon entering a crisis meeting. High resolution of the half page rescue plan:

http://www.nrc.nl/redactie/economie/...ment_groot.jpg in English
Or check this page to have an idea of the small version: http://www.nrcnext.nl/nieuws/economi...cle2001136.ece
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  #15  
Old 29.09.2008, 19:09
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Re: "The fundamentals"...

Oh do stop, I work for banks and it's depressing to have all the doom and gloom from everywhere! They screwed up, they are trying to fix it and that's all that can be said about it. *sulks*

However, if any of those incompetent fools seriously contests the current challenges on their gazillion dollar salaries, I'm will consider investing heavily into Cyclone. The Angry Pitchfork Fund. Cheeky, free-loading idiots. Which reminds me, have you seen the Cityboy Song?
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Old 29.09.2008, 20:46
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Re: "The fundamentals"...

Ohh it can't be all that bad Shorrick...

Citibank is being asked to rescue Wachovia
(Yeah... let's get an alcoholic to run the rehab)
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  #17  
Old 29.09.2008, 22:07
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Re: "The fundamentals"...

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Ohh it can't be all that bad Shorrick...
I think it is. What we're seeing now is the stock price impact of the credit crunch. The earnings impact and broader economic consequences are yet to come.
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Old 29.09.2008, 22:13
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Re: "The fundamentals"...

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I think it is. What we're seeing now is the stock price impact of the credit crunch. The earnings impact and broader economic consequences are yet to come.
come on Nev

do I have to put on 'sarcasm' lights or what ?
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  #19  
Old 29.09.2008, 22:27
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Re: "The fundamentals"...

Listening to the news on the BBC, one commentator pondered the idea that this is the end of the American Brand. 10 years down the line, where will 'we' be -vs- China, Russia, India etc?

Is everyone acting irrationally or is this a recession? Need I buy batteries and a source of water? Or will the revised bill save hides?

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  #20  
Old 29.09.2008, 23:05
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Re: "The fundamentals"...

I'm I the only one who is viewing this whole thing with fascination and some anticipation? I can't help feeling that what is now happening was long over-due and a necessary evil to get back to our real values some how.....
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