oh fa' friday, page-12

1. 9L

The US, China, Japan and UK have printing presses to bail themselves out of financial debt. In fact they have done this many times.

The Eurozone is more complicated because each nation does not have its own printing press. However they seem determined not to allow the banking system to collapse. I can not see Europe falling apart in the next 8 months - perhaps in another 2-3 years time when it will take down the world financial system due to its inter-connectedness and all those financial derivative products that nobody really understands.

2. SanFelip

lol

Well at least Oscar is consistent - only about 6 weeks to go to confirm that he is right or wrong (looks like wrong to me).

There are plenty of analysts who talk about the S&P500 hitting 1500 end of next year. I can not see it happening unless there is PE multiple expansion.

I have no clue. I am just trying to survive. Perhaps Bernanke can generate some worldwide inflation then the markets will go up. Just look at the way the Japanese market has been trending recently on the back of an expected win by the LDP who promise to print to infinity and possibly introduce negative interest rates (not sure how their CB is supposed to do this). We are also waiting for more measures by the Chinese to help asset prices. If their economy/financial system blow up (as some have suggested they will) then the Oz economy had better look out below.

loki (cheerful as ever - well at least RED has recovered a bit today so I should be.)