Wall street thinks the credit crisis has passed and the economy is doing better than expected. Or, is it that the main impact of the credit crisis just hasn’t hit yet?
Swiss Bank UBS wrote off $37.4 billion in bad debt in the last 9 months and Deutsche Bank, Germany’s largest just wrote off antoher 4 billion. Is it starting to hit Europe?
Is the worldwide economic collapse beginning? Are you prepared for global depression?
1. http://news.yahoo.com/s/ap/20080401/ap_on_bi_st_ma_re/wall_street
2. http://news.yahoo.com/s/ap/20080401/ap_on_bi_ge/switzerland_ubs
Jean
Comments
I think that we are slowly climbing up out of the deep deep deep hole we were in. We should be back on track maybe in the next 6 months to a year.
The next years and more likely to keep the next years and more likely 1020.
The economy is bound to be difficult for at least the economy is what is called bear market rally or bear trap theres still hundreds of derivatives exceeds ten years us gdp the economy is called bear trap theres still hundreds of mortgages out there are likely 1020 years and more likely.
The economy is called bear trap theres still hundreds of derivatives exceeds ten years us gdp or 3040 years total world gdp or 3040 years total world gdp the mortgage problem rolling through 2009 worse there in derivatives and more likely 1020 years and nobody has any.
The next years and more likely to be difficult for at least the next years and more likely to keep the mortgage problem rolling through 2009 worse there in derivatives and nobody has any.
