nice article : things would have been different.
Everyone says, this went wrong, this is not the right this to do.
Less i have heard what the right thing to do, and people who raised this were severely opposed because its democratic country.
http://www.nytimes.com/2009/01/25/business/economy/25view.html?_r=1&ref=business
Sunday, January 25, 2009
Peter Schiff -- hope his prediction is wrong
Peter Schiff predictions proved right so far. Hope his scary predictions are not true for future.
http://www.youtube.com/watch?v=I9087euswWo
http://www.youtube.com/watch?v=GVlk988bzMU&NR=1
http://www.youtube.com/watch?v=I9087euswWo
http://www.youtube.com/watch?v=GVlk988bzMU&NR=1
Tuesday, January 20, 2009
Worlds Most Powerful Person Great Obama Day
Nearly 2 million people (near 1% countries total population) near white house standing shivering in severe cold. Great day, Great Person, for this Great country. On history will have a chance to witness if this great person is good enough to face Greatest challenges ahead like Economic Recession, Immigration issues, Healthcare, etc.
Bank of America countries largest bank by assets is a mere 5$ stock with dow plunging 350 points on this great Obama day. Will countries major banks survive or nationalized is a million dollar question. My personal view Hank Paulson actively did the very best, now future actions should clearly demarcate the actions by Hank Paulson as good /bad.
Bank of America countries largest bank by assets is a mere 5$ stock with dow plunging 350 points on this great Obama day. Will countries major banks survive or nationalized is a million dollar question. My personal view Hank Paulson actively did the very best, now future actions should clearly demarcate the actions by Hank Paulson as good /bad.
Sunday, January 18, 2009
CircuitCity down
"Bailout" probably the most famous word after word recession in past year 2008.
Compu Serv, Office Depot, Office Max, are hard remembered and now its circuit city. One of my favorite retail chain Circuit City met its end Jan 2009. I am sure it got killed itself because of cheap internet deals and hard time clearing its inventory with aging models. BestBuy only major electronic retail chain will that survive?, it has to or else where will i buy my next 42 inch television. Its boone for these stores that internet sales cannot over take this segment for heavy & expensive electronics segment.
Citigroup selling approx 50% stake in Smith Barney brokerage firm to Morgan Stanley, some sort of strategically splitting itself to avoid losses eat whole company. How come Morgan Stanley can afford billions when it was at the brink of bankruptcy during September 2008. During that time, it converted itself to bank holding company to escape wrap from shorts and to reap billions from sweet fed lending window. Unbelievably Bank of America is now 7 buck stock. It got pounded itself because of unexpected losses of Merill lynch in spite of Fed covering those losses. I am afraid if this continues all the banks in America ending up being nationalized.
Pro Ultra shorts SRS, SKF, let me not talk about them, their existence itself is a joke.
Compu Serv, Office Depot, Office Max, are hard remembered and now its circuit city. One of my favorite retail chain Circuit City met its end Jan 2009. I am sure it got killed itself because of cheap internet deals and hard time clearing its inventory with aging models. BestBuy only major electronic retail chain will that survive?, it has to or else where will i buy my next 42 inch television. Its boone for these stores that internet sales cannot over take this segment for heavy & expensive electronics segment.
Citigroup selling approx 50% stake in Smith Barney brokerage firm to Morgan Stanley, some sort of strategically splitting itself to avoid losses eat whole company. How come Morgan Stanley can afford billions when it was at the brink of bankruptcy during September 2008. During that time, it converted itself to bank holding company to escape wrap from shorts and to reap billions from sweet fed lending window. Unbelievably Bank of America is now 7 buck stock. It got pounded itself because of unexpected losses of Merill lynch in spite of Fed covering those losses. I am afraid if this continues all the banks in America ending up being nationalized.
Pro Ultra shorts SRS, SKF, let me not talk about them, their existence itself is a joke.
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