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Is it all over?
May 19, 2008 04:50
guest4405 It seems that the credit turmoil is over. The stocks are rising, the credit spreads have tightened and the investors are beginning to buy new bonds. Last week, the bank of England announced that the credit crunch might be over in advance. Hank Paulson, US Treasury secretary is "feeling better about the markets" and is encouraged this week. How do you feel? Are you also encouraged? Do you believe that credit crisis is over?
May 19, 2008 05:43
#1  
  • APAULT
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For the moment, yes. But who knows what skeletons are in the cupboard of the get rich quick fraternity in the USA.
May 19, 2008 06:45
#2  
  • JARCHACK
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The perception is that's it's over. However, our whole economy is leveraged to a bunch of paper rather than manufactured goods. Consumer spending drives much of wall street and consumers aren't spending much outside of wal-mart and the gas station. I don't consider myself a bear but things look pretty grim to me.
May 19, 2008 09:38
#3  
  • GARYKINKADE
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These" financial gurus" are pandering to "herd mentality"
May 19, 2008 11:55
#4  
  • GRIZ326
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>>>But who knows what skeletons are in the cupboard of the get rich quick fraternity in the USA.

The get rich quick fraternity is populated by rich folks from every nation, Paul...not just the USA.
May 19, 2008 22:36
#5  
  • COOLSPRINGS
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It seems that three economies-USA, India and China are exposed to energy. The news that Mr. Bush reduce strategic oil reserves is a positive signal for restoring consumers' confidence and picking up real estate.

May 19, 2008 22:57
#6  
  • MARRIE
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Does saudi plan to increase oil production? The would cast an impact on price stability of consumer products including gas. Farm transactions have surged since the oil skyrockets and resulting commodity price sores.
May 20, 2008 12:45
#7  
  • GARYKINKADE
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Why should they? Lower production =higher prices, or so the story goes. Saudi Arabia of course benefits from the higher prices. Probably the governing factor will be extreme pressure from EU, US , China and some other industrialized nations to keep the price within bearable boundaries so industry can still function.
May 20, 2008 22:02
#8  
  • COOLSPRINGS
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If they don't, USA house of representatives is gonna sue OPEC for speculations? You know overpricing will decrease demanding. What's more, the energy exposure economies are turn to the alternative channels for power - Canada, Australia, Siberia( Russia), Africa, South America...
May 21, 2008 22:20
#9  
  • JIMMYB
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Since the oil price is nearly up to 130 dollars, US President has required Saudis to increase oil output. Forced by the pressure, Saudis said that it would increase its oil output to its highest level in two years. Is it Geoge Bush's another victory?
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