Saturday, June 28, 2008


Sorry to bump Robot's rather fabulous post. But there is a real possibility of another major non-bank failure(bear stearns wasn't a 'bank', it was a broker-dealer, like lehman) in the next couple weeks - and a subsequent sure meltdown of the financial system.


Blogger John Liberty said...


12:09 AM  
Blogger John Liberty said...

how long will it go on??? there will be a lull in the winter..but then in 2009, $500 billion worth of option ARMS will reset.

this is another tsunami that hasn't hit the shore yet. this will go on for a long ass time.....while i could make so much money off this shit..i think ill go back to school instead and revel in my job security!!

12:22 AM  
Blogger John Liberty said...

"All that is human must retrograde if it does not advance. "


12:43 AM  
Blogger Robot said...

Former disgraced Baltimore Oriole and steroid abuser Jay Gibbons said that?

1:05 AM  
Blogger Robot said...

In seriousness, you may very well be right that there exist several financial indicators--particularly in the commodities market, which you've been pointing out for a while now--that don't bode well for the future; but, do you think it's at all possible that a Democratic sweep this November could at least buffer this fall? I think the political winds may be just right (or at least I hope so) for talk of "going after oil speculators" to become reality. That, or I'm just continuing to set myself up for what will prove to be a devastating descent into political cynicism.

1:10 AM  

Post a Comment

<< Home