Questions about the financial crisis?

[NJ5]

kirby007 said:

NJ5 said:

If we are lucky, the system doesn't collapse totally during the next few weeks. There might be a straw waiting to break the camel's back.

If such a collapse doesn't happen, it's impossible for me to determine when the crisis will be over. But one thing's for sure... with peak oil production getting nearer and nearer (if not past already), recovering to the same economic level gets harder and harder. We may well never see again the kind of world we have today.

 

 

do you suspect fall too half its value really drop too zero?

Sorry, I didn't understand that question!

The next few weeks are going to be very telling. It's time for quarterly financial reports to come out, and the credit default swaps market will be settling for three weeks. I suspect a few bombs will be dropped on more banks, and that's when things can get ugly. The famous "Wall Street bailout" will take time to come into action, they're still in the planning phase.

Massive inflation and job losses are what scares me.