6th October 2008
Here it is, the dawning of the selloff that will finally put us at levels where … we will sell off again.
For two years the credit markets have been submerged under central bank happy talk and a sense that the worries were about inflation. You can see why in the outlines of the institutions that are failing now.
The problem is the Europeans got stuck fighting the inflationary war that ended in July. Rates are ridiculously high in Europe vs. the crunching of debt that is happening and will continue to happen. Read the rest of this entry »
Tags: bailout, Cramer, debt, goldman sach, great depression, infaltion, jim cramer, jp morgan, morgan stanley, msm, raelmoney, recession, selloff, worldwide crash
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