tag:blogger.com,1999:blog-13164186.post7078253775438591944..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: An Analysis of the Financial CrisisDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-13164186.post-26427418569435590522008-10-07T15:56:00.000-04:002008-10-07T15:56:00.000-04:00Neither of you know what you are talking about.Neither of you know what you are talking about.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-21144864593671221632008-09-27T18:40:00.000-04:002008-09-27T18:40:00.000-04:00The crisis started in Thailand with the financial ...The crisis started in Thailand with the financial collapse of the Thai baht caused by the decision of the Thai government to float the baht, cutting its peg to the USD, after exhaustive efforts to support it in the face of a severe financial overextension that was in part real estate driven. At the time, Thailand had acquired a burden of foreign debt that made the country effectively bankrupt even before the collapse of its currency. As the crisis spread, most of Southeast Asia and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt.Though there has been general agreement on the existence of a crisis and its consequences, what is less clear were the causes of the crisis, as well as its scope and resolution. Indonesia, South Korea and Thailand were the countries most affected by the crisis. Hong Kong, Malaysia, Laos and the Philippines were also hurt by the slump. The People's Republic of China, India, Taiwan, Singapore, Brunei and Vietnam were less affected, although all suffered from a loss of demand and confidence throughout the region.<BR/>-----------------------------------------------------<BR/>francis<BR/><A HREF="http://www.drivenwide.com" REL="nofollow">Link Building</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-87909958646698361292008-09-27T14:35:00.000-04:002008-09-27T14:35:00.000-04:00Dear Senator/Congresman, I am writing because I a...Dear Senator/Congresman,<BR/> I am writing because I am concerned the governement is rushing to bail out<BR/>wall street and the credit markets. I view the current plans as a huge mistake<BR/>and injustice to the american taxpayer.<BR/> Wealth is not distroyed, it is mearly transferred from one individual to another,<BR/>and market forces dictate this transfer. Someone has benefited from the crisis, and <BR/>some have not. Wealth is continually created, because most people work<BR/>and continually create that wealth. The credit markets are not scared for<BR/>no reason. The financial markets are not scared for no reason. The value<BR/>of mortgage assets have not declined for no reason. It is because loose credit<BR/>inflated the asset value of mortgages for too long and is now unwinding, but<BR/>that process is not necessarily over.<BR/> The idea that the taxpayer will now buy toxic assets from the very people<BR/>who created the problem and assume the liabilities for their horrible decisions<BR/>will only serve to delay the process of this asset class bottoming, and extend<BR/>the time needed to put this crisis behind us while putting the taxpayers at<BR/>risk to loose big time.<BR/><BR/> One would not go into a town with the plague and start to sell life insurance.<BR/><BR/> The dire economic consequences predicted because of failure to act are no<BR/>greater than interferring with normal market operation because interferring will extend<BR/>the current economic downturn longer, although perhaps not as deeply as it could <BR/>become for a brief time. The net over time is no improvement to the people and great risk.<BR/><BR/> The true value of those assets will become what they may whatever the government<BR/>does.<BR/><BR/> In NO WAY should the government pay more than rock bottom prices for<BR/>these securities. There is little chance the housing market will improve<BR/>next week, the market is still going down and there is little, except by mortgaging our <BR/>childrens future, the government can do about it except give it a short term boost without <BR/>regard to the txpayers interests.<BR/><BR/> A prudent investor would wait for the bottom to invest, not rush in as the knife falls.<BR/><BR/> This bill asks the taxpayers to take a knife in the back.<BR/><BR/> The recent market rally last Friday, inspite of dire economic and bank failure news is the most<BR/>certain sign that wall street views this bailout as favorable to the finance indusry. What is favorable <BR/>to one investor class usually comes at the expense of another... the taxpayer.<BR/><BR/> The way the appropriations bills are becoming take it or leave it, and encumbering the<BR/>nation in an unfair way with nearly insurmountable debt calls for a change<BR/>of leadership.<BR/><BR/> I'm mad as hell and NOT GOING TO TAKE IT ANYMORE!!!!!!!!!thetruthonlyhttps://www.blogger.com/profile/01923076466068422689noreply@blogger.com