Godlike Productions - Conspiracy Forum
Users Online Now: 1,171 (Who's On?)Visitors Today: 541,256
Pageviews Today: 682,298Threads Today: 116Posts Today: 2,474
04:57 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Christopher Whalen: "The Real Economy Is Dying," Q4 Will Be A "Bloodbath" (VIDEO)

 
Avian
Offer Upgrade

User ID: 788577
United States
10/08/2009 12:54 PM
Report Abusive Post
Report Copyright Violation
Christopher Whalen: "The Real Economy Is Dying," Q4 Will Be A "Bloodbath" (VIDEO)
Hows that Hopey Changey Thing workin for ya?

[link to www.huffingtonpost.com]

Christopher Whalen, the no-nonsense managing director of Institutional Risk Analytics, who recently referred to Citigroup "the queen of the zombie dance party" is not one to sugar-coat his forecasts. Whalen sat down with Yahoo Tech Ticker recently to talk about how the banking sector, which has shown some signs of recovery lately, is hoarding cash and why the market may be awaiting a "Bloodbath" in the fourth quarter.

Just as disturbingly, Whalen drew a direct line between banks' struggles and the larger economy. "We've lost the entire non-bank finance sector," Whalen said, adding that the bank's assets have been dropping by $300 billion per quarter this year. "Banks are still building reserves, that's why they're not making loans."

Here's more from Whalen.

"Why is liquidity going into the financial sector? It's because the real economy is dying [and] everyone is fleeing into the stocks and bonds because they're liquid at the moment. That's not a good sign."



Whalen put much of the blame for the economy's condition on the banking sector. He added: "The real economy is shrinking because of a lack of credit."

WATCH the entire interview - and check out Yahoo Tech Ticker here:


fast forward to 3.25 for the guts of the message

Read more at: [link to www.huffingtonpost.com]

Last Edited by aVian on 10/08/2009 12:59 PM
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Frédéric Bastiat

food, water, ammo, weapons, battery back up solar, hand well pump, wood stove and 1 year of food...oh yeah PM's too...good luck

News








We're dropping truth bombs like it's the end of days!