CNBC is simply unbievable today.
#1
Posted 17 September 2007 - 10:16 AM
#2
Posted 17 September 2007 - 10:22 AM
#3
Posted 17 September 2007 - 10:22 AM
Edited by humble1, 17 September 2007 - 10:23 AM.
#4
Posted 17 September 2007 - 10:22 AM
Edited by nicolasillo, 17 September 2007 - 10:23 AM.
#5
Posted 17 September 2007 - 10:32 AM
#6
Posted 17 September 2007 - 01:07 PM
#7
Posted 17 September 2007 - 02:18 PM
#8
Posted 18 September 2007 - 01:06 AM
#9
Posted 18 September 2007 - 08:45 AM
Rate cuts do not always help. just look at Japan.
They had a tremendous real estate boom. Then that
bubble was pricked. Rates in Japan are still near 1%.
And Japan, the 2nd largest economy in the world is
still in a funk after what 10-12 years? Hmmmmm..
Eh, are you comparing RE here with RE there in 1990? Their stock market with ours? Their accounting methods vs. Ours?
What are those similarities?
I know however that our cultures are virtually identical.
The one thing we would do well to remember is that the government can't really spend a country out of recession. If anything, the inefficient spending will prolong it, as it did here during the depression and there for the past 16 years.
Mark
Mark S Young
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