cpeterka

The Crash of 2008

This is NOT Mathematics. This is Emotions.
Until the banks start to Trust each other, Until merchants get short term capital, this will continue to fall.
Grain is piling up in the ports ( Canada, US ) because the buyers can not GUARANTEE that the money they promise for the grain they want to buy will arrive from their bank.
The traffic in the ports is down by 20%. Joe Smallshop, and Frank Big Company NEED Short Term Capital, and until the banks TRUST them, things will continue to spiral downwards.
Sorry, I'm holding my cast for better bargains.