Markets Slide as Wall Street Sees Signs of Trouble - New York Times
More market jitters... Interesting and sobering excerpt:
---
But a prominent figure in the hedge fund industry, Julian H. Robertson Jr., said yesterday that the economy was heading for a “doozy of a recession.”
“I think the credit situation is worse than anybody realizes,” he said on CNBC. “I don’t think any of the normal indicators you would look at in the economy are really very strong. As a matter of fact, they are weak, and not really getting any better.”
---
The impact of the credit crisis could be enormous - some estimates are as big as $600 billion or more just in bad loans. Then there are the many institutions and investors with exposure to it.
And the oil market is incredibly volatile - almost $90 a barrel over nothing! Can you imagine what happens when demand catches supply or peak oil arrives?
Where's the sense of urgency?
No comments:
Post a Comment