Governments have shot their fiscal bolts, prepare for ‘global collapse’

Posted on November 19, 2009 by stacyherbert| 11 Comments

Stacy Summary:  Soc Gen looks a little late to the game with this warning.

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11 Responses to Governments have shot their fiscal bolts, prepare for ‘global collapse’

  3. Mini US | November 19, 2009 at 2:11 am |

    Good find Stacy.
    Game on in the next few weeks.

  4. PatrickEA | November 19, 2009 at 3:06 am |

    @ Mongo: AHAHAHHA yeah that’s right, Boom! FAIL.

  5. frances snoot | November 19, 2009 at 6:13 am |

    http://www.bangkokpost.com/business/economics/151223/societe-generale-posts-52-drop-in-net-profits

    “Societe Generale which was nearly made insolvent last year by huge exposure on trading positions associated with trader Jerome Kerviel said that it would heed the lessons of that experience.”

    Another loser bank on social welfare via the American taxpayer. Not really the ones who should be doling out advice.

    The advise must be coming from the currency cartel who will benefit.

  6. frances snoot | November 19, 2009 at 6:17 am |

    Here’s the Tickerforum discussion:
    http://tickerforum.org/cgi-ticker/akcs-www?post=118373

  9. antonia | November 19, 2009 at 7:09 am |

    so, what happens then to one like me that has a morgage with them. If my bank goes down, what happens with my fixed rate 25 years morgage. Stacy, Max, others please answer. Thank you!

  10. Some random guy | November 19, 2009 at 12:45 pm |

    It’s foward looking statement not a rearview mirror statement, which means the worst just might be to come.

  11. Dante | November 19, 2009 at 2:28 pm |

    Look at all the “made” guys: lots of ring kissing going on.

    Goldman Sachs makes 272 managing directors: source

    http://tinyurl.com/y9uddmk