Archive for September 30th, 2008

Daily Archive
Tuesday, September 30th, 2008

Just when you thought it couldn’t get worse


By Jeremy Gardiner
You will hear much discussion around the terms ‘Wall Street’ and ‘Main Street’. Wall Street is synonymous with the US financial system and Main Street represents the US consumer. It is clear that the average American sees the current crisis as a Wall Street problem and the bailout plan (which taxpayers are expected [...]

No Comments » - Posted in South Africa by Prieur du Plessis
Tuesday, September 30th, 2008

All the Kings Horses and All the Kings Men …


Humpty Dumpty sat on a Wall
Humpty Dumpty had a great fall
All the King’s horses, and all the king’s men
Didn’t bankrupt the country and devaluate the currency putting the shifty bastard together again.
Hat tip: Barry Ritholtz’s The Big Picture, September 29, 2008.
 
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No Comments » - Posted in Humor by Prieur du Plessis
Tuesday, September 30th, 2008

Fear grips global markets


The first ever trillion-dollar loss on Wall Street came in the wake of US lawmakers failing to gather enough votes to pass the $700 billion bail-out package. This post deals with a few interesting snippets and concludes that we are still in the grips of a primary bear market and should tread carefully until the smoke clears and the flames can be measured.

3 Comments » - Posted in Investment, Markets, Money by Prieur du Plessis