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Re: Market Meltdown
Yea I heard about that major cash injection. Wasn't it like $130b? If they're worried about liquidity then thats not a good sign! 3 years from now is when I'm looking to dip my toes into property, cause our houses here are really over inflated. This is a lot like the Asian financial crisis. We have a lot of unregulated lending to risky debtors, over inflated asset prices, governmental intervention..... thats a bit of a warning sign. Lucky most FX markets are freely (or dirty) floated and not fixed so any meltdown wouldn't be as harsh.
The Bank for International Settlements must be having a lot of late nights trying to stabalise things.
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Nick Constantin
Always look on the bright side of life...da da da da da da da da da - Monty Python
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