Will there be another Financial Crisis?
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The world should stop depending on USD and switch to EUR instead.
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Well, I do agree with you but the "world best" US think tank had long thought about this,long time ago.Originally posted by iveco:The world should stop depending on USD and switch to EUR instead.
US being the world largest comsumer market had virtually full control of it. Every exporting countries dealing with US needs USD. Thus all major trades to be conducted in USD.
US being a deficit country issued treasuies of which the Chinese and Japanese are the major holders. So should one day US collapse. the world will have a global meltdown.
The Middle Eastern esp Iranians tried to conduct their holding from USD into EUR as they hold the most vital commodity (oil) but it was being put off. This is probably be on of the crucial reason why the US troopers are still in Iraq.
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Originally posted by miserable:
S&P 500 has an expected target of 1650 for year end 2007.
Buy and you will carry this baby long time. This is only the tip of the iceberg,Joe.
Dow is off 208pts with S&P 500 off 23.7pts .....Expect more hedge funds selling with the technicals turning bearish.
[b]NEW YORK (MarketWatch) -- U.S. stocks will continue to fall next week, in continuation of a sell-off that saw the Dow Jones Industrial Average experience its worst week in over four years, due to nervousness that the easy-money binge of the last few years has come to an end.
Another heavy week of earnings, including 99 reports from S&P 500 companies, capped by the all-important July employment report on Friday, also awaits investors.
But stocks will remain vulnerable to any new signs of distress from hedge funds hit by their exposure to bad U.S. home loans, as well as from credit markets, where Wall Street firms and corporations are finding it harder and harder to obtain financing.
"We're finishing up earnings season and the general tone has been positive," said Owen Fitzpatrick, head of the U.S. equities group at Deutsche Bank. "But it's been overwhelmed by the whole subprime and credit-market issues."
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