Opinions from a stock market trader.
Disclaimer: The contents in this blog are purely for entertainment and educational purposes only. They are not investment advice. Use them at your own risk.
Sunday, October 12, 2008
The Game Continue!
Plan, plan, plan, everybody has a plan. The EU's bail out plan is estimated to cost 400 billions Euro, and US bail out is estimated (when it is all figured out) to be over 1 trillion dollars. So where are we going to get these money. Us, the taxpayers of course. But, "Oh, don't worry, these banks will pay you back when they start making money again," said our mighty government officials. Let me think about this a bit, how in the heck are these banks going to make that kind of money back to pay us back. Ah-ha, another speculative bubble! So here is the beginning of an end to the credit crisis resulted from the housing speculative bubble, and the foundation for the next speculative bubble. The game continue!
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