World’s economies tumble like dominoes
MSN Money Central
by Bill Fleckenstein
02/23/09
Almost everybody now realizes how grave the crisis has become. But we won’t be able to escape from this dark place until we understand how we got here. … It appears the potential for the newest round of financial weakness is being precipitated by economic problems in Eastern Europe, which are impacting the European banks, especially German ones. We are at the stage now where economic weakness is feeding back into everything, making the situation more difficult for banks everywhere. And, it’s becoming clear to nearly everyone that many banks are not just illiquid but insolvent...
http://adjix.com/4uzi
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=economic+crisis
http://freepage.twoday.net/search?q=Bill+Fleckenstein
by Bill Fleckenstein
02/23/09
Almost everybody now realizes how grave the crisis has become. But we won’t be able to escape from this dark place until we understand how we got here. … It appears the potential for the newest round of financial weakness is being precipitated by economic problems in Eastern Europe, which are impacting the European banks, especially German ones. We are at the stage now where economic weakness is feeding back into everything, making the situation more difficult for banks everywhere. And, it’s becoming clear to nearly everyone that many banks are not just illiquid but insolvent...
http://adjix.com/4uzi
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=economic+crisis
http://freepage.twoday.net/search?q=Bill+Fleckenstein
rudkla - 24. Feb, 10:59
