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Originally Posted by Flasch186
The markets are simply a window and for those who dont know (perhaps you Arles) the stock market is just a small window. the Credit Market, TAF/R auctions, Credit default swaps, the fact that 4 institutions were taken over today in foreign countries (not including N. Rock months ago), LIBOR rates, etc.. Watch when Asian markets open.
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As someone who works for a US arm in a Japanese company, I'm well aware of the impacts to Asia. As you should know, the Asian markets already opened and it wasn't nearly as bad as many had predicted:
World markets fall as US bailout seen taking time - Yahoo! News
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Dont prop up a strawman when one doesnt exist. Take your queues from going to mall if you want or drive up and down the street and look at vacancies in strip malls, how about foreclosures (look closely, the lawns are overgrown, no blinds in the windows, business cards stuck in the fram of the front door), and you can file that in your journal. If you want it easier just watch CNBC.
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That's OK, I prefer to talk down to people when discussion things. It makes me feel more "right"
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I believe until I shut down the Financials thread I said the dollar would strengthen (it did), I said oil would pop (it has), I warned NoSkillz on the commodities bubble (i was right), my problem isnt knowledge it's patience and bankroll.
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I bolded the important part. Just get enough cash into the situation to start the credit cleanup (as many said, $200 million would be plenty) and then hammer out the rest over the next few months. Regardless of what congress does in the next three days, the Dow will be back over 11,000 by Thanksgiving and all will be fine. The world markets will also recover independent of whether it's a $100-200 billion now and a different bill later or whether it's the full $700 billion.
The biggest issue is to the world right now is fear about US unemployment going up (which was there before this whole banking thing started). If US demands on imported goods go down, that will hurt the world.
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Anyways, how this effects the Pres. race? IMO, CRUSHING to McCain.
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I'm just glad to see you can be objective on all this and not take sides when looking at the facts.
