Global Financial Crisis - Big troubles ahead.

[GoFlyKiteNow]

Be wary. The financial markets are not at all stable.. there are many turbulent stages ahead, facing uncertain times in 2009. So Cash is still the king.

Today the jobless data is coming out with dismal figures..Another stock market crash in Wall street today. Friday.

In 2009, hundreds of banks and financial institutions will collapse or be allowed to collapse without any bailout..due to sheer numbers of such institutions in trouble.

So Cash is still the king.

 

[VIBGYOR]

So Cash is still the king.

I Disagree with you! Cash is just pieces of papers i use to rub my backside after i run out of toilet papers.

ONli Jesus is the King of Kings!!!

 

[GoFlyKiteNow]

Obama warns of dire consequences without stimulus
Thursday January 8, 6:06 am ET

WASHINGTON (AP) -- President-elect Barack Obama said Thursday that the nation's recession could "linger for years" unless Congress acts to pump unprecedented sums from Washington into the U.S. economy, making his highest-profile case yet on an issue certain to define his early presidency.

"A bad situation could become dramatically worse," he added, painting a dire picture -- including double-digit unemployment and $1 trillion in lost economic activity -- that recalled the days of the Great Depression in the 1930s.

It was the fourth day in a row that Obama has made a pitch for a huge infusion of taxpayer dollars to revive the sinking economy.

A report due out the same day as Obama's speech is expected to show that the number of newly laid-off people signing up for state unemployment insurance last week rose to 540,000, up from 492,000 in the previous week. The number of people continuing to draw jobless benefits is projected to stay near 4.5 million, demonstrating the troubles the unemployed are having in finding new jobs.

For all of 2008, employers probably slashed payrolls by at least 2.4 million. That's based on economists' forecasts for a net loss of 500,000 additional jobs in December, as well as the job losses previously reported. Some, however, think the number of jobs cut last month will be higher, around 600,000 or 700,000. The Labor Department will release that report Friday.

 

[VIBGYOR]

where will he get the money?

http://www.brillig.com/debt_clock/

 

[Pastors_of_CHC_Sucks]

STI plunges in 3 consecutive days. deep trouble ahead.

 

[RealSingaporean]

tsunami second wave is coming, and will happen before june 2009. but this does not mean u can buy stock and keep after the second wave.

the real value for STi should be 1200 - 1500 for 2009. so u may want to short the index or mscisi now.

 

[zhihau]

So Cash is still the king.

so what happens when cash is being devalued?

 

[zhihau]

tsunami second wave is coming, and will happen before june 2009. but this does not mean u can buy stock and keep after the second wave.

the real value for STi should be 1200 - 1500 for 2009. so u may want to short the index or mscisi now.

cold plate is out? sharksfin akan datang?