Comments on: October 31, 2009 Market Review: Cinderella’s Ball?

By: John Smith

John Smith — Sun, 01 Nov 2009 12:56:42 +0000

I believe that much of the growth in Asia has to do with the Chinese trying to get out of the dollar. So they are buying up as much stuff as they can while the dollar is still worth something. They have also created a housing bubble and a stock market bubble with their 4 trillion capital infusion. There is a lots of trouble brewing in China. I am surprised nobody can see this.

By: Ellen D

Ellen D — Sun, 01 Nov 2009 04:27:54 +0000

The Royal Bank of Scotland, Northern Rock, and Lloyds Banking Group are to sell off as many as 700 branches in the next few years in exchange for the public aid they received during the economic meltdown, a government official told The Associated Press on Saturday.
The assets being put up for sale would be reserved for new entrants to the British banking market, effectively creating three new banks over the next five years or so, the official said.

Today another California bank failed. Naturally it was absorbed by a large U.S. bank. Why can’t we do like the U.K. and break up our banks? If we don’t do this we are in for a lot of pain. Already other countries are enacting strict banking regulations and recovering. A coincidence? I think not. The U.K. is behind the others, but is moving in the right direction.

By: elaine

elaine — Sun, 01 Nov 2009 02:04:18 +0000

creeper, what’s not to believe…I thought debt was our biggest product & export

By: creeper

creeper — Sun, 01 Nov 2009 00:19:14 +0000

This is excellent info, Larry. Too bad it’s not more encouraging.

Thank you very much, though. If things are going to go to hell it’s nice to know why they’re going there. Our small business is hanging by a thread. If it fails, we’ll at least know why.

As for that 3.5% increase in GDP, tell me another one, Daddy.