September 17, 200818 yr It's because they were so trusted that banks and governments around the world invested in Lehman, so it hits the underpinnings of the general economy. Plus the world stock markets are one big casino and as soon as people panic shit hits the fan. Imagine if everyone in every casino in the world suddenly found out at the same time that a lot of the slot machines were rigged for the house. Wouldn't a shitload of people stop playing slots? I really am shocked that the Lehman shakeup has such an impact on the world stock markets. Truly, I am. I guess this shows how little I know of the economy.
September 18, 200818 yr Author Thursday, September 18 Opening Rates: US Dollar: 34.01 Euro: 48.715 British Pound: 61.725 Australian Dollar: 26.84 Canadian Dollar: 31.71 _____ US Dollar: 33.95 Euro: 48.865 British Pound: 61.77 Australian Dollar: 27.18 Canadian Dollar: 31.795
September 18, 200818 yr With the DOW dropping another 400+ points overnight, there should be more movement today, especially since the Asian markets have been following the US market, and therefore might drop more today. Some are evening saying that the financial systems are so broken, that even huge government bailouts might not be able to cure the illness.
September 18, 200818 yr yeah, my investment account is really getting killed. Hopefully by time I am ready to retire everything will have rebounded. But as noted above the whole thing is one big house of cards. The worst is yet to come.
September 18, 200818 yr Now the Japan Government has kicked in $14 Billion to try to stop the bleeding in their economy. The problem is that NO ONE knows how to solve this...this house of cards thanks to massive deregulation is falling, and no one can catch it. Where is the bottom...maybe way out of sight!! I am already retired, and get an income from CalPERS, the Calif state retirement system...which is also the largest single investor in the US stock market...so if the market comletely crashes...well, let's not think about it!! For anyone that thinks this is no big deal....it is getting bigger in a short time than it ever did in the 30's, so belt in and hang on.
September 19, 200818 yr Author Friday, September 19 Round 3 Rates (Sorry, I was busy this morning and didn't get a chance to check the opening rates): US Dollar: 33.96 Euro: 48.22 British Pound: 61.22 Australian Dollar: 27.235 Canadian Dollar: 31.8075 _____ Closing Rates: US Dollar: 33.98 Euro: 48.20 British Pound: 60.92 Australian Dollar: 27.315 Canadian Dollar: 31.8025
September 20, 200818 yr I think things are going to start stabalizing now. First the first time ever it looks like the Bush administration did something right.
September 21, 200818 yr I am CERTAIN he had nothing to do with it. This is a huge bill, and I am certain that he had something to do with the parts of it that are all screwed up!!! He hasn't done anything right yet.
September 21, 200818 yr Well if the stock market collapses it would cost his family money too - so perhaps when his own cash is at stake he's able to focus.
September 21, 200818 yr Who were all getting fucked in the ass (not in a good way) when oil started tumbling last week and gold was going through the roof.
September 22, 200818 yr Author Monday, September 22 Opening Rates: US Dollar: 33.73 Euro: 48.735 British Pound: 61.605 Australian Dollar: 27.90 Canadian Dollar: 32.04 _____ Closing Rates: US Dollar: 33.72 Euro: 49.125 British Pound: 62.145 Australian Dollar: 28.0675 Canadian Dollar: 32.12
September 23, 200818 yr Author Tuesday, September 23 Opening Rates: US Dollar: 33.58 Euro: 49.635 British Pound: 62.265 Australian Dollar: 28.27 Canadian Dollar: 32.36 _____ Closing Rates: US Dollar: 33.60 Euro: 49.275 British Pound: 62.105 Australian Dollar: 28.105 Canadian Dollar: 32.2975
September 23, 200818 yr Author Could be worse, given the Morgan Stanley stuff today. It's too bad this had to happen just as the baht was in motion in favor of the US dollar for a change. The dollar took a loss against all major currencies today. Whether there will be another turn-around any time soon remains to be seen. The Thai baht is not exactly a reliable currency these days either, so what's next is probably anybody's guess. To tell the truth, I expected the dollar to take much worse of a hit than it did, but there's always tomorrow . . . This is going to be a week to watch, for sure!
September 23, 200818 yr I too feel this is probably going to get worse before it gets better! Does anyone know of a website where I can track the daily fluxuation in Thailand gold values??? It seems like probably a place to be with your assets fight now!!
September 23, 200818 yr The problem with converting your money to gold is that most rent boys won't accept gold in exchange for a blow job.
September 23, 200818 yr The problem with converting your money to gold is that most rent boys won't accept gold in exchange for a blow job. Believe me...All Rent boys will accept gold for any services rendered!!!
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