Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - The ongoing financial turmoil and financial discussion thread

Claeren · 11-19-2008, 12:50 PM

4 major companies are on the verge of going under:

General Electric
GM
Chrysler
Ford

IF even 1 of those fail how is that not going to induce major panic selling!?

If 1 falls the market drops 10%, if 2 fall it drops 25% (and likely more, as a lot of connected companies start to fail and it becomes clear American market hegemony is dying).

This (as I have said many times) is faaaaar from over people.

(And if the government holds these guys up then the market just gets hit by deflation for 20 years or, in an effort to fight that deflation, hyperinflation. Lose-Lose scenario right now as America uses up all the ammunition it has.... )

Claeren.

11-19-2008, 12:50 PM	#513
Claeren Franchise Player Join Date: Jul 2003 Location: Section 218 Exp:	4 major companies are on the verge of going under: General Electric GM Chrysler Ford IF even 1 of those fail how is that not going to induce major panic selling!? If 1 falls the market drops 10%, if 2 fall it drops 25% (and likely more, as a lot of connected companies start to fail and it becomes clear American market hegemony is dying). This (as I have said many times) is faaaaar from over people. (And if the government holds these guys up then the market just gets hit by deflation for 20 years or, in an effort to fight that deflation, hyperinflation. Lose-Lose scenario right now as America uses up all the ammunition it has.... ) Claeren. Last edited by Claeren; 11-19-2008 at 01:01 PM.