Recessions & Crashes: Memories & Lessons

[mojo_]

This is very enlightening.

Perhaps don't have to think back all the way to AFC. Recall during the GFC, Helicopter Ben bent a lot of rules and invented a lot of acronyms (TAF, TALF, etc, etc) that he fired out in rapid succession. This was only part of the overall solution but it was very creative. The story hasn't ended, of course, as it remains to be seen how well the exit from QE is handled. But he will probably be remembered in history for these actions.

[winston]

clap clap....give you points for being very imaginative...

The example that I have is just to let you know that anything can happen in this type of situation. The example is of course not the probable scenario.

A lot of people assume that Greece must stay within the EU and play by the EU rules. I'm saying they dont have to play by those rules.

So if one is speculating assuming existing rules would be followed, then dont be disapointed later when those rules are changed.

[greenhoney]

hey mojo, your image almost fooled me! i thought it was a real bug on my screen!

[Aspellian]

I am also thinking of the possibility of leaving Greece out of EU. The basic reason is that Greece shouldnt be in EU in the first place as they got their "Oxford university place through cooking of certificates"!

Shouldnt this be enough reason to say - ENough is ENough - you Greeks dun have the integrity to be in EU.

If this happen, then it may bring a small window of opportunity for markets to rally but the EU banks exposed to Greek debts are still real and need writing down.

But as it is termed - "PIIGS of the same mudskin runs together" - so can you also leave out the other piglets?

[mojo_]

Greenhoney, sorry if your display was sprayed with Baygon

... the bug is to remind me that most of what the media reports is juz an illusion..

[kennynah]

mojo... u no good

last time, i kept swatting your crawler with palm ... and now, my notebook screen has a permanent dent joking lah....

back to memories of recession.... hmmmm... i forgot all of them.... my cache is too small...running 8086 cpu...

anyways...good to remember, but imo not prudent to parallel present day crisis with past events...as the world has evolved and become a whole lot more intertwined than 10 years ago...

one day...earth may have ONE federation governing its earthly citizens.... and Chancellor Palpatine may reign supreme...

[winston]

TOL:-

What do you look out for. to tell you that it's the bottom ?

Do you dare to buy at the bottom or would you be scared stiff ?

[iam802]

Chart for LIBOR 3mth rate with RSI

[kennynah]

this LIBOR chart have been shown for 2 weeks now on bloomberg...and you know lah...when they shout very loud...is when the play maybe over...

i am waiting for them to all, in unison, shout about the languishing euro again...then, i know... CBs will act again...

[millionairemind]

When I visit my grandma and she tells me "NOT TO BUY STOCKS", then its time.

When all the students who made some pocket money last year are now so scared that they don't dare to buy on dips, then its time.

When the bear market hits the front page of Newsweek, then its time.