It's not that we're in a recession or anything...
Merrill posts $4.9 billion loss, sells Bloomberg stake
We're going from bad to worse. But Freddie is looking at offering US$10 billion in new shares. I really wonder who would be insane enough to buy them.
The main buyers for any new-stock issues are likely to be existing shareholders worldwide, the paper said, citing one person involved in the discussion.
Any sale would have to offer a high rate of return to attract buyers, given the near-14 percent yield on Freddie's preference shares, the paper added.
During the last major recession faced by the US, the Japanese came to the rescue by buying up the United States, mostly in real estate. I'm thinking this time it might be the Chinese, though they seem to be a tad busy in Africa these days.
We have a "bad air" alert in CT for the weekend. Tomorrow night I'm going up to the Casino with my sister and friends to celebrate another friends impending doom... um, marriage. Hen party, bachelorette, I'm not sure what we're calling this, but it will involved gambling and alcohol and food in air conditioning, so I don't care.
If you're not afraid of the "bad air" we're going to be having in CT this weekend, you might be interested in a road trip. I spotted this article,
134 miles of Yankee Charm in the NYT this morning. It's not a cheap trip given current gas prices, but it would be a nice one. Probably better to do in October when it's cooler and the leaves are peeping.
2 comments:
HEY YOU!
So glad to see injecting some much needed introspection on the way that they are all re-arranging the deck chairs on the Titanic.
What can I say the writing has been on the wall for years..hopefully all of this crap will stick to Dubya's backside as they kick him out the back door of the White House.
I think that you're right about China coming over for a shopping spree. I saw a great doc on PBS about how Kissinger and Nixon said Hey let's make friends with China to piss off the Soviets...and inadvertently opened the door to release the Giant Dragon and created a 3rd Super Power!
Who'd a thunk it?
Have fun at the Hen Partay!
Howdy LauraE-
Interesting read - as Ahnold might
intone, "Ah'll be beck!" Don't go
making a mockery of our cherished
heritage, in the meantime;-) Only
an idiot or a liberal would arrive
at the baseless conclusion that
money represents the valuation and
means of exchange, for actual
goods and services. Luckily, those
"in the know" realize that it is
merely the medium by which new and
more fantastic visions find their
way into public discourse. Smile, be happy...
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