NO!!!!! We will never learn to ride a bike like this....
Either that or this is just the thing to stop Armageddon.....
how can we ever ward off Armageddon if we can't ride a bike....
Me and my metaphors.
Sink or Swim...
So.....I love that Gasparino is the only person in the world... who actually moves the market...
Here is the thing, they just reported that the London Office of Lehman, the rent on the office is insured by AIG... So... the default on that is backed up... also they have a huge claim against the assets.... so it's not a problem.
but that we are worried about is becoming more irrational , this says that much of this worry is irrational. Who knows what the market will do, but I think we need to fight this boogyman in the streets....
Tuesday, September 16, 2008
They are going to save AIG
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3 comments:
I think there will be a gov't bailout of AIG but they'll use language that confuses people and they'll claim that it's not a bailout - but it is - but it's not.
The market won't care either way and will say booyah, ski daddy! for a few more days/weeks/months until what Nouriel wrote today starts to sink in once again...
"The Worst Financial Crisis Since the Great Depression" - Nouriel Roubini, September 16
URL:
http://www.rgemonitor.com/roubini-monitor/253618/the_worst_financial_crisis_since_the_great_depression
I keep waiting for the $6000 gold $1000 oil scenerio Peter Schiff has been promising.
I think Kudlow gave us a preview of what's going to happen today on his CNBC appearance this morning:
no rate cut
an AIG gov't bailout that's not a gov't bailout, except it is - but it's not
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