Well according to the latest dire predictions of Fortis ...a meltdown in the finance system is expected within the next few weeks.
Apparently quite a number of the 6000 US banks could go bankrupt.
So, i can't see personally ...even if this is just news hype at present ...that the balance in the markets is going to be restored any time soon.
In depression times ...cash and gold is king.
Food is also helpful too.
The banks in Oz no doubt will be forced to reduce their dividends ...because the Reserve Bank is not a guarantor for yours or my bank accounts above $20,000.
Companies likely to survive the coming recession are energy companies that deal in Natural Gas.
If banks go bankrupt in the USA ...we will also follow the trend ...as will European and Asian banks.
Global economy = worldwide meltdown.
- Forums
- ASX - General
- collapse of markets will end when
collapse of markets will end when, page-3
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online